Lease for bar in central Newcastle hits the market
Specialist business property adviser Christie & Co has been instructed to find a new tenant for The Exchange, a prime city centre venue in Newcastle-upon-Tyne.
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Marslie McGregor
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The Exchange is a characterful basement bar and restaurant located on Prudhoe Chare, just off the city’s renowned Northumberland Street.
Formerly operated as a speakeasy‑style bar, The Exchange offers a well‑presented interior in turnkey condition, with strong potential for a wide range of operations, from an intimate cocktail bar to a vibrant restaurant, café, or immersive leisure venue. The bar combines atmospheric design with flexible trading spaces and high-quality back‑of‑house facilities.
Situated next to Eldon Square Shopping Centre and surrounded by retail, leisure and transport connections, The Exchange benefits from high footfall and visibility in the heart of the city.
Marslie McGregor, Senior Business Agent at Christie & Co, is managing the sale of the lease and said, “The Exchange presents a rare opportunity to secure a characterful, city centre venue just moments from Northumberland Street. With high footfall, a strong existing fit out and flexible trading space, the property is well-suited to a wide range of bar or leisure concepts and offers genuine immediate trading potential.”
A free-of-tie lease is available for this fully licensed venue at a nil premium, with an annual rent of £55,000.
For more information, visit the property page: https://www.christie.com/6450585/
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