Brett Wharf site comes to market
Located on Gateshead Quays and with around 200 metres of direct river frontage, the 1.3-acre site has planning consent for a 269-bed residential scheme, alongside commercial and retail space.
Two buildings of up to ten storeys are detailed in the development’s consented scheme, with a mix of one and two-bedroom apartments, alongside high-quality amenity space such as a gym, residents’ lounges, rooftop facilities and ground-floor commercial uses including office and restaurant space.
Owned by Edmond de Rothschild Real Estate Investment Management, Gateshead-headquartered Tolent was contracted to deliver the £50m scheme in 2022, shortly before it went into administration in 2023. At the time, DPP was the planning consultant on the BTR project.
CBRE and ATRE are marketing the land, which is fully cleared, remediated, and has a renewed quay wall.
The site is offered on a freehold basis, with offers invited for the benefit of the fully remediated land and implemented planning consent.
Gateshead Quays is an established mixed-use area and the site has exceptional connectivity and proximity to major cultural, leisure and employment hubs in an area undergoing significant regeneration, including the proposed Gateshead Quays arena and conference development.
Richard Turner, director at ATRE, commented: “Brett Wharf represents one of the most significant residential-led development opportunities currently available in the North East.
“Its unrivalled riverfront position, combined with fully implemented planning consent and strong BTR fundamentals, creates a compelling proposition for parties seeking a rare opportunity in a supply-constrained market where there is limited competing stock.”
