Savills | Prime UK Regional Trading Hostel, YHA Newcastle Central | Property for sale
Excess of £3,100,000

Prime UK Regional Trading HostelYHA Newcastle Central

  • Sole agency
  • Leasehold
Hotel
52Bedrooms

Key features

  • Newcastle’s largest hostel providing 52 guest rooms and 236 bed spaces.
  • Large restaurant benefitting from 64 covers.
  • Situated just 0.5 miles (0.8 km) from Newcastle’s leisure and retail core.
  • Good transport connectivity, 0.6 miles (1 km) from Newcastle Railway Station.
  • Long leasehold.

An exceptional opportunity to acquire a well-established hostel unencumbered by brand and management, with excellent rebranding and repositioning potential.

About this property

  • YHA Newcastle Central serves as one of the city’s largest hostels comprising of 238 bed spaces across 52 en suite bedrooms, alongside the Carliol Square Café. The property was originally a period office building which has been converted into a hostel. The building is arranged over basement, ground and three upper floors. The bedrooms are located predominantly on the three upper floors with a large Café called Carliol Square Café to the ground floor, a bean bag TV lounge, secure luggage storage and ancillary areas.

Local information

  • YHA Newcastle Central is located in the city centre and occupies a site at the corner of Carliol Square. Eldon Square Shopping Centre and Grey’s Quarter, which are full of luxury retailers and roof top restaurants are approximately 0.5 miles (0.8 km) from the Hostel.
  • Grainger Town is recognised for its classical streets built by Richard Grainger between 1824 and 1841.
  • In recent years the city has expanded upon its leisure offering and in particular has redeveloped the Quayside area (approximately 0.9 miles (1.4km) from the hostel) which is now home to the Baltic Centre for contemporary art and the Norman Foster designed Sage Centre for musical performance and education.

Additional information

  • Further information can be accessed in the project data room upon receipt of a signed NDA. Please contact the team for an NDA.
  • All viewings are strictly by appointment only. Please contact the sole selling agents below to arrange a viewing. Under no circumstances should direct contact be made with the Hostel or any members of its staff.

Energy performance

EPC rating D-92