Prime leisure opportunity on the market in Jesmond

Published on: 2nd August 2017

A 13 bedroom hotel is available to let in Jesmond, a residential suburb of Newcastle upon Tyne that is becoming increasingly popular with students and young professionals.

The property is primely located on Osborne Road, which has become a real hot spot for residents and visitors alike thanks to its many bars, restaurants and hotels. Jesmond is home to two metro stations that provide quick and easy access to Newcastle city centre and West Jesmond Metro Station is just two minutes from the hotel.

The ground floor of the property is a leisure unit, currently trading as RU Bar, whilst the upper floors make up a 13 bed hotel currently operating as Kenilworth Hotel. All of the rooms are fitted to a high standard and each come with en suite facilities.

Mark Convery, agent in our North East team commented, “This is a brilliant opportunity for a leisure operator to occupy a prime location on a road that is quickly establishing itself as one of the most popular outside of the city centre.

“Potential occupiers would be in great company with other bars along Osborne Road including, As You Like It, Jam Jar, The Collingwood Arms and The Punch Bowl. With a number of similar leisure deals completed in the North East we are pleased to bring this to market and expect there to be significant interest.”

For further information on the property please contact Mark Convery or Kevin McGorie, our leisure specialists in the North East or view the property listing here.

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Why leisure is not just location, location, location

The leisure and tourism sector is constantly evolving, and the North East in particular has been through numerous changes. Newcastle and Gateshead are at the epicentre of a food-based revolution, but with the sector flourishing, competition is at an all-time high. It is therefore vital for venues to distinguish themselves from the pack; prime locations are no longer essential to success, providing your offering is distinct and your brand message can be widely and effectively communicated. The success of basement and rooftop bars and restaurants has illustrated that being different can work, providing you have the experience to back it up, regardless of whether you are at street level in a so-called prime location or not.

Read More....

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The leisure and tourism sector is constantly evolving, and the North East in particular has been through numerous changes. Newcastle and Gateshead are at the epicentre of a food-based revolution, but with the sector flourishing, competition is at an all-time high.

It is therefore vital for venues to distinguish themselves from the pack; prime locations are no longer essential to success, providing your offering is distinct and your brand message can be widely and effectively communicated.

The success of basement and rooftop bars and restaurants has illustrated that being different can work, providing you have the experience to back it up, regardless of whether you are at street level in a so-called prime location or not.

[fulltext] =>

Any USP needs to set leisure brands apart from the crowd both physically and socially, and the key to achieving this is to think about what is most likely to appeal to the customer and attract footfall from the outset. It is naturally important to have the operational processes in place to deliver, but good, on-brand design will maximise front of house and minimise support space and therefore improve the effectiveness of the offer.

In the North East, there has been significant growth in alternative venues and locations. The Wylam Brewery is a striking example, converting the former Palace of the Arts into a craft beer destination in a £500,000 project. Lane 7 also illustrates how a venue does not have to be slap bang in the city centre to attract custom, with its distinct offering of food, drink, bowling and ping-pong encouraging customers to venture up to St James’ Boulevard and away from the more established locations.

The success of these and similar establishments means that we are now seeing venues pop up on a frequent basis, with forgotten buildings and spaces becoming new destinations and seemingly innocuous doors on the street leading to intriguing bars that hark back to prohibition era speakeasies.

Of course, the key challenge that comes with opening such a venue is first getting it on the map. Social media and other digital channels are essential to breed advocacy and – providing the venue has the consistent quality and atmosphere to back it up – can continue to attract new customers, as well as retaining existing ones, through word of mouth and a quality offering.

The key is to ensure all bases are covered at the outset. It doesn’t just mean choosing the right building in the right place. It requires a clarity of vision in what you are trying to achieve and then delivering a venue that strengthens the message and allows you to differentiate yourself from the crowd.

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Unique city centre leisure opportunity available in Newcastle

A unique city centre restaurant/leisure opportunity has come on the market on Nelson Street in Newcastle. The listed building forms part of the historic Grainger Market and comprises of a leisure unit at basement level, ground floor lobby, and 7,500 sq ft of upper floor space, which is currently used as offices. Agent on the property, Mark Convery commented, “This is a brilliant opportunity for a new restauranteur/leisure operator to open, in what is fast becoming one of Newcastle’s most prominent areas for dining and drinking.

Read More....

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A unique city centre restaurant/leisure opportunity has come on the market on Nelson Street in Newcastle. The listed building forms part of the historic Grainger Market and comprises of a leisure unit at basement level, ground floor lobby, and 7,500 sq ft of upper floor space, which is currently used as offices.

Agent on the property, Mark Convery commented, “This is a brilliant opportunity for a new restauranteur/leisure operator to open, in what is fast becoming one of Newcastle’s most prominent areas for dining and drinking.

[fulltext] =>

“Eldon Square Shopping Centre, the prime retail destination within Newcastle lies directly opposite and attracts approximately 38million plus customers each year. The new ‘Grey’s Quarter’ is now open and contains a number of national operators, including Red’s Steakhouse, The Alchemist, Chiquitos, Handmade Burger Co. and Prezzo among others, ensuring that you will be in good company.

For further information on the property please contact Mark Convery or Kevin McGorie, our leisure specialists in the North East.

View the property listing.

Contact Us

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A look ahead at the North East leisure industry

2016 was an incredibly busy year for the commercial property market in the North East and the leisure market was no different, with a number of new restaurants, bars and retailers opening across the region. With 2017 promising to be just as exciting, our North East property experts have once again teamed up with Sintons Law to help create the annual leisure supplement published in the Journal. 

Read More....

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2017 Leisure Supplement-page-001

2016 was an incredibly busy year for the commercial property market in the North East and the leisure market was no different, with a number of new restaurants, bars and retailers opening across the region.

With 2017 promising to be just as exciting, our North East property experts have once again teamed up with Sintons Law to help create the annual leisure supplement published in the Journal

[fulltext] =>

To view the full supplement please click here.

Contact Us

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