The Tyne Theatre & Opera House offers the best in Music, Comedy and Theatre and is run by the Preservation Trust's subsidiary, Tyne Theatre and Opera House Ltd. The Theatre itself is a Grade 1 listed theatre rated in the top 4% of listed buildings by English Heritage and has been afforded a the three star rating, the highest available, by the Theatres Trust, branded as "a very fine theatre of the highest theatrical and architectural quality"​.The importance of the architectural and theatrical heritage of the building is also recognised by The Association of Historic Theatres in Europe and OISTAT (the International Organisation of Scenographers, Theatre Technicians and Architects). The Tyne Theatre and Opera House Preservation Trust became the freehold owner of the building in 2008.Located in the centre of Newcastle, the Tyne Theatre & Opera House is easily accessible by the city's varied public transport systems. There is a choice of off-street parking nearby and a wealth of restaurants, shops, hotels and local amenities.