One of Newcastle’s most famous historic buildings is on the market with a multimillion-pound price tag after its owners started a search for a buyer.
The triangular Edwardian plot Central Exchange has formed a focal part of the city’s Grainger Town area since the 1830s, and is now best known for its ornate Edwardian Central Arcade. The building’s basement, ground and second floors are now up for sale, with owners looking for at least £11.75m for the honour of being landlord of businesses including Nudo Sushi Box, Cafe Andaluz, Greggs, Scribbler and Size.
The Grade II listed Central Exchange in the shadow of Grey’s Monument is also being marketed by the same property experts who sold neighbouring Monument Mall to real estate entrepreneurs the Reuben Brothers. Clifton Partnership LLP say the property represents the chance for investors to acquire a rare trophy asset in the heart of Newcastle, at a time when new developments are expected to increase footfall in the area.
