RIVER WEAR COMMISSIONERS BUILDING & 11 JOHN STREET

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1 Superb Redevelopment Opportunity RIVER WEAR COMMISSIONERS BUILDING & 11 JOHN STREET SUNDERLAND SR11NW

2 UNIQUE REDEVELOPMENT OPPORTUNITY We are delighted to offer this unique redevelopment opportunity of one of s most important buildings, the River Wear Commissioners Building and 11 John Street. The building was originally opened in 1907 as the Head Office of the River Wear Commissioners and is widely viewed as one of the most important historical and cultural buildings in. Located on St Thomas Street, it is a superb Grade II listed period building in a high profile position in the city centre, suitable for a variety of uses.

3 One of the most important historical and cultural buildings in.

4 LOCATION is one of the North East s most important commercial centres, situated approximately 12 miles south east of Newcastle upon Tyne and 13 miles north east of Durham. is the North East s largest city, with a population of approximately 275,506 (2011 Census) and a catchment population of 420,268 (2011 Census). The City enjoys excellent transport communications linking to the main east coast arterial routes of the A19 and the A1(M). Sunniside Gardens Winter Gardens Travelodge Central Station Park Lane Interchange University of Halls of Residence Ten-Pin Bowling Casino Empire Multiplex Cinema Frankie & Benny s Nando s Marks & Spencer Argos THE BRIDGES SHOPPING CENTRE Crowtree Leisure Centre Debenhams TK Maxx University Wearmouth Bridge St Mary s Car Park Keel Square Empire Theatre University of City Campus Travelodge St Peter s Premier Inn

5 s mainline railway station runs services to Durham and Newcastle with a fastest journey time to London Kings Cross of 3 hours 20 minutes. The Tyne & Wear Metro system links the City to the wider Tyne and Wear conurbation including Newcastle Airport which is located approximately 22 miles to the north west. The property is very centrally located on the corner of St Thomas Street and John Street in the heart of the city centre and opposite the former Joplings Department Store which is due to be redeveloped into Student Accommodation. The Bridges Shopping Centre and the mail Train Station can all be reached within a 5 minute walk. Regeneration is a city benefitting from an extensive regeneration program, with over 1bn of investment scheduled in the next 9 years to further support economic growth and create over 20,000 jobs. The City Council, through the Siglion Joint Ventre, has embarked on a programme of city centre improvements centred around the Vaux Brewery Development Site. The phased development of the site began in December 2016 and is set to include a mixed use scheme incorporating office, residential and ancillary uses. Further future regeneration works include: Development of the former Crowtree Leisure Site Funding for a 29m improvement to the College campus and a further 8m on the college s skills academy Completion of the High Street West regeneration Development of a hotel and retail scheme within Keel Square Redevelopment of Station

6 DESCRIPTION The subject property comprises the former River Wear Commissioners Building together with the adjoining 11 John Street. River Wear Commissioners Building has most recently been used as a business centre and is arranged over basement, ground, first and second floors. The imposing principle entrance is off St Thomas Street and provides a fantastic sense of arrival and leads though to an oak panelled hall and stairwell with oak supporting columns. The ground, first and second floors are currently arranged into a number of small office suites, whilst the magnificent first floor board room boasts a superb mounded marble fireplace and an impressive arched ceiling. 11 John Street, which is connected internally to the River Wear Commisioners Building, has its own separate entrance and provides accommodation over Basement, Ground, First and Second floors. The River Wear Commissioners Building is Grade II Listed.

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8 INDICATIVE LAYOUT OF TIMBER STRUCTURE ACCOMMODATION Basement Ground Floor RWCB BOILERS L L 11 JOHN STREET RWCB ENTRANCE GIA NIA GIA NIA FLOOR SQ FT SQ M FLOOR SQ FT SQ M JOHN STREET ENTRANCE Basement 4,449 2,233 Ground 4,044 3,182 First 4,010 3,695 Second 2,373 1,987 TOTAL 15,096 11,097 Basement 1, Ground 1,568 1,529 First 1,660 1,261 Second 1,650 1,202 TOTAL 21,506 16,084

9 First Floor L Second Floor L ACCOMMODATION

10 OPPORTUNITY The River Wear Commissioners Building and 11 John Street offer a very unique opportunity to rejuvenate one of The River Wear Commissioners most important Building historical and and cultural 11 John assets. Street offer a very unique opportunity to rejuvenate one of most important historical and cultural assets. Subject to the necessary consents, we are of the view that the building offers potential for a number of alternative uses including offices, boutique hotel, leisure and community uses. All interested parties should make their own enquiries to City Council in respect to all Planning matters. Subject to the necessary consents, we are of the view that the building offers potential for a number of alternative uses including offices, boutique hotel, leisure and community uses. All interested parties should make their own enquiries to City Council in respect to all Planning matters.

11 TERMS Offers are invited for our client s long leasehold interest. Alternatively, the building is available on an occupation lease or our client may consider a joint venture approach. LEGAL COSTS Each party will be responsible for their own legal and surveying costs incurred in the transaction. EPC St John s Street C-58. River Wear D-99.

12 University FARRINGDON ROW Premier Inn University of City Campus CHESTER ROAD (A183) ST MICHAEL S WAY Travelodge NEW DURHAM ROAD (A690) Stadium of Light Empire Theatre Crowtree Leisure Centre Minster VINE PL ACE St Peter s St Mary s Car Park (A183) ST MARY S WAY Keel Square STOCKTON RD (A1231) HIGH STREET WEST The Bridges Shopping Centre PARK LANE NORTH BRIDGE STREET (A1018) BLANDFORD ST HOLMSIDE Park Lane Interchange WEARMOUTH BRIDGE FAWCETT Echo 24 STREET Casino Empire Multiplex Cinema Travelodge Ten Pin Bowling City Library Northern Gallery for Contemporary Art Civic Centre Superb Redevelopment Opportunity RIVER WEAR COMMISSIONERS BUILDING & 11 JOHN STREET SUNDERLAND SR11NW DAME DOROTHY STREET JOHN ST St Peter s Sixth Form Campus WEST WEAR STREET ST THOMAS STREET BURDON ROAD Museum & Winter Gardens Mowbray Park Important Notice St Peter s Candidate World Heritage Site River Wear BOROUGH RD Quayside Exchange SANS STREET TATHAM STREET University of (St Peter s Campus) National Glass Centre Holy Trinity Church Grays Memorial Gardens LAWRENCE STREET PROPERTY HENDON ROAD (A1018) MOOR TER RACE James Fletcher t: e: jamesfletcher@naylors.co.uk Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing ( information ) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. VAT: The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in England with registered number OC Our registered office is 55 Baker Street, London W1U 8AN, where you may look at a list of members names. Brochure: June Designed & produced by ref: CSD1232 Jessica Simpson t: e: jessicasimpson@naylors.co.uk NEWCASTLE INTERNATIONAL AIRPORT A692 Stanley A691 A1 A1 CONTACT Gateshead Durham A689 Bishop Auckland A194(M) Newton A167 Aycliffe Scotland 65 A1231 Washington 64 GlasgowA19 63 Edinburgh 59 A19 NEWCASTLE UPON TYNE A167 A167 A1(M) A Darlington A66(M) TYNE TUNNEL A19 A690 Cardiff Bristol Stocktonon-Tees Chesterle-Street Houghtonle-Spring Wales Tynemouth South Shields Newcastle Carlisle A19 Leeds 61 Manchester Liverpool A1(M) Nottingham Sedgefield A19 Birmingham A A67 A1018 SUNDERLAND A66 DURHAM TEES VALLEY AIRPORT A182 Peterlee SUNDERLAND Middlesbrough Easington England Hartlepool Seaton Carew Re Billingham MIDDLESBROUGH London A19 A689 Guisborough Patrick Matheson t: e: patrick.matheson@knightfrank.com Rebecca Maddison t: e: rebecca.maddison@knightfrank.com