Washington, Tyne & Wear
Sold
High Yielding Retail Investment in Tyne & Wear with opportunity to add value
Price:
£507,500
14,998 sq ft
We are pleased to announce the successful sale of this high yielding, multi let retail investment in Washington town centre.
The property is prominently located in Washington town centre, immediately opposite Speculation Place car park and comprises a mix of tenants including gym, carpet shop and florist, some of which have been in occupation for over 20 years.
With total floor area of 14,998 sq ft and passing rent of £54,650 per annum the property provides an opportunity to add value through proactive asset management
The property was marketed for offers in excess of £500,000 and following a short marketing period, was put under offer at in excess of the asking price. A purchase at this level reflects an attractive net initial yield in excess of 10%.
Interested in Similar Opportunities?
For further details on this transaction or to discover similar investment opportunities, please contact:
Daniel Capobasso
07968 618 948
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We look forward to sharing news of further successes in the coming months.
Property Details
Location Details
Washington, Tyne & Wear
Sector
Retail
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