A new bar on Newcastle’s High Bridge will be created after a commercial property deal between two entrepreneurial brothers and a leading leisure operator has reached completion.
John and Greg Hall have agreed to lease their former retail premises to Neill Winch of leisure operator Danieli Holdings. The re-development will see the 4500sqft, four storey property being transformed into the region’s second yolo bar, following the successful opening of the first outlet in Ponteland in September 2015.
John Hall said: “The decision to go with Danieli Holdings was cemented by Neill’s reputation to deliver what promises to be a fantastic addition to the City’s leisure scene.”
Bradley Hall acted on behalf of the landlord. Tim Aisbitt, Associate Director at Bradley Hall, commented: “This is an exciting investment for Danieli Holdings as opportunities like this don’t come along very often. The planning permission for a bar, on top of the high footfall in the area and the surrounding established businesses, made the property very attractive to leisure operators.”
