Lime Street, Ouseburn Valley, Newcastle Upon Tyne, NE1

Opportunity

Bradley Hall is delighted to bring to the market this exceptional mixed use development opportunity at 7–45 Lime Street, offering the chance to deliver a landmark residential led scheme on the edge of Newcastle city centre within the Lower Ouseburn Valley.

The proposed redevelopment involves the demolition of the existing buildings and the construction of a mixed-use development ranging from four to six storeys. The scheme will comprise 57 residential apartments, three ground floor commercial units extending to approximately 6,469 sq. ft., together with on-site car parking, EV charging infrastructure, secure cycle storage and ancillary accommodation.

The residential element will be arranged across the first to fifth floors and will comprise 9 one bedroom apartments, 40 two bedroom apartments, 3 two bedroom duplex apartments, and 5 three bedroom apartments. The ground floor will accommodate the three commercial units alongside 10 on-site car parking spaces, all equipped with electric vehicle charging points, and dedicated cycle storage for residents.

History

The Ouseburn Valley, commonly known as Ouseburn, is one of Newcastle upon Tyne's most vibrant and sought after neighbourhoods. Situated just over a mile east of Newcastle City Centre, the valley takes its name from the Ouseburn River, which flows into the River Tyne.

Historically, the valley's natural landscape supported a thriving industrial economy, with industries including glassmaking, pottery, tanning and milling establishing themselves along the riverbanks during the nineteenth and early twentieth centuries. As these industries declined, Ouseburn underwent a remarkable transformation throughout the 1990s and early 2000s, evolving into one of the city's leading cultural and creative quarters.

Today, Ouseburn is renowned for its thriving independent scene, combining a rich industrial heritage with a dynamic mix of arts, culture, leisure and residential development. The area is home to a range of galleries and creative studios, alongside popular attractions including Seven Stories, Victoria Tunnel and Ouseburn Farm.

Many of the valley's former industrial buildings have been sensitively repurposed into independent restaurants, cafés, microbreweries, live music venues, fitness studios and creative workspaces, while retaining their historic character. Residential development has also flourished, with schemes such as The Malings, Lower Steenbergs Yard and the redevelopment of the former Quay Timber site helping to establish Ouseburn as one of Newcastle's most desirable places to live, complemented by its well-established and vibrant pub scene.

Location & Description

Bradley Hall is delighted to present to the market 7-45 Lime Street. The site occupies a well-connected, characterful urban location with a combination of heritage, culture, leisure and natural assets. Its position within Ouseburn provides an opportunity for residential development that benefits from proximity to Newcastle city centre while offering a more distinctive neighbourhood environment, with the riverside, independent amenities and creative character of Ouseburn forming important elements of the site's residential setting.

Planning Permission

Planning permission has been granted for the demolition of existing structures, removal of trees within the Conservation Area and earthmoving operations as part of site preparation works, to facilitate the erection of a 4 to 6 storey mixed use building comprising 57 apartments (Use Class C3), together with Class E accommodation at ground floor level, including associated parking and ancillary accommodation. Further information can be found using Newcastle City Council Planning Portal using reference - 2025/1251/01/DET.

Tenure

The site is to be sold with the benefit of a Freehold title.

VAT

VAT is not applicable.

Legal Costs

All parties are to bear their own legal costs in the transaction.
Anti-Money Laundering Regulations

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.