Bradley Hall Celebrates Commercial Leisure Property Success

Issue 21

Leading North East chartered surveyors and estate agents Bradley Hall is celebrating the sales and acquisitions of some of the region's most outstanding leisure properties.

Following recent company expansion, investment and the relocation of its head office to a bigger, more central space on Hood Street, Newcastle, the company has taken on and completed a range of big commercial leisure deals.

Most recently, the sale of Newcastle’s Union Rooms, a 19th Century five-storey building on Westgate Road, was completed for an undisclosed fee to long term Bradley Hall client Andrew Ward. Other projects between Bradley Hall and the businessman have included the £6.25m sale of the Three Tunns Hotel in Durham and its adjoining retail properties.

Bradley Hall is also currently orchestrating an opportunity for investors to create a boutique hotel with bar and restaurant on the Newcastle Quayside. Interior designers Collective Design, the Newcastle firm currently involved in a range of city centre leisure developments, drew up designs for the successful planning application, showing how the ground floor could be taken up with the restaurant and bar, while upper floors would have rooms, many with views over the River Tyne. 

Number 14 High Bridge, based in a bustling area of Newcastle for leisure, entertainment, dining and nightlife has also recently been successfully let to Danieli Holdings Ltd. The four storey terraced building provided a unique investment opportunity thanks to its accompanying planning permission with official A4 Drinking Establishment approval. 

The Georgian property is now set to undergo major refurbishment to create an impressive three storey bar surrounded by the £12m Motel One 222-bed hotel and stylish gin bar and restaurant Pleased to Meet You.

In business outside of Newcastle, North East cult burger empire, Fat Hippo, found a new base in Durham, creating 40 jobs and utilising a 17th century building on the historic Saddler Street. The Grade II listed building was sourced by Bradley Hall Director Peter Bartley for Fat Hippo owner and Director Michael Phillips, who deemed the property and its location ‘perfect’ for his third restaurant.

Peter Bartley, Director of Bradley Hall, said: “We are fast becoming a leading property specialist in the leisure sector. Thanks to our strong links and experience with local businesses and investors we are often brought on board to market or acquire some of the region’s most interesting and exciting properties.

“Thanks to our recent company expansion we are consistently able to take on bigger deals and play a part in creating some of the most outstanding leisure opportunities in the North East.

“We are looking forward to continuing this success into 2017 with a range of exciting projects.”

Bradley Hall currently manages over 600 residential and commercial properties for clients, along with a rising rent roll of over £5m per annum. An expert team, led by Neil and fellow director Peter Bartley, are highly trained to offer specialist services to clients including property and asset management, accounts and facilities management.

The past year included many milestones for Bradley Hall. These included the launch of a financial services subsidiary, BH Financial and BH Mortgage, which have both gone from strength to strength. At the end of the year, Bradley Hall moved to new, larger premises on Hood Street to accommodate further growth.

Bradley Hall offers a full range of property services including valuation, commercial and residential agency, property management, business sales and disposals, acquisitions, rating appeals and town planning, as well as financial services.

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