Union Rooms back on market for £4m two years after being sold by Wetherspoons

It reopened last year with a brand new look, but the Union Rooms is back on the market just two years after it was bought from Wetherspoons.

JD Wetherspoons initially put the prominent 19th-century building on Newcastle's Westgate Road up for sale in May 2016, as part of a portfolio of 45 of its UK properties and just months after acquiring it from a Danish investment group for £5.6m.

The five-storey property was then bought by property entrepreneur Andrew Ward, triggering new investment in the building.

While Mr Ward owns the building, it has been operated for some time by Cyclone Leisure Group, also owners of the San Lorenzo restaurants, who last year unveiled sweeping changes to the Union Rooms, including a new pizza restaurant, garden room and sports room.

Now Mr Ward – who already owns a number of pubs in Durham, as well as Workwear Express, employing more than 160 people in Belmont, Durham – has put the building back on the market, saying he is looking at diversifying his portfolio which will allow this asset to change hands.

Take a look inside the newly refurbished Union Rooms

It is now on the market through North East property firm Bradley Hall with a guide price of £4m.

Nicholas Bramwell, senior surveyor at Bradley Hall, said: “Buildings of this magnitude and calibre don’t come on the market very often in Newcastle and as such command a premium as a result.

“This investment is made particularly interesting by its potential to develop the upper floors, the completion of which is likely to have a substantial, positive impact on an already attractive income.

“Union Rooms is situated in an unrivalled location with Newcastle Central Station and its Metro station close by. It is also surrounded by other established operators and popular destinations for locals and visitors alike, which ensures a high footfall in the area.”

The grand Grade II-listed building at the bottom of Westgate Road dates back to 1877 and was a gentlemen’s club called the Union Club for almost 100 years. Among its famous members was WG – later Lord – Armstrong, the 19th-century Tyneside engineer and industrialist.