Refurbishment Costs For New Newcastle Hotel

Issue 21

Details have been revealed about funding support to refurbish the spectacular Grade II listed Eldon Chambers on Newcastle’s Quayside.

Chartered surveyor and property agent Bradley Hall has announced that the renovation of the four-storey Eldon Chambers will be part funded by the landlord.

Planning permission was recently secured to convert the building into a new boutique hotel, with bar and restaurant, giving fresh life to a four-storey building which has only ever provided office space since its construction more than 180 years ago.

Bradley Hall is marketing this prime accommodation for lease, for either leisure or office use. Offers are invited in the region of £195,000 per annum.

Neil Hart, Managing Director at Bradley Hall, said: “Our client, the landlord, has confirmed they will part fund the fit out, making this an opportunity not to miss for investors. The level of funding support will be determined and agreed once any refurbishment costs and plans are fully itemised.”

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