Sold by Delta Capital
Sale of Prime Industrial Investment in Washington
Price:
£3,000,000 (7.93% NIY)
Size:
76,090 sq ft
Location:
Washington, Tyne & Wear
Year of Sale:
2025
Sale of Prime Industrial Investment in Washington
Delta Capital Property Investment is pleased to announce the successful completion of the sale of a highly accessible, fully let industrial investment situated on the well-regarded Wear Industrial Estate in Washington. The property benefits from excellent transport links, located directly off the A195 Western Highway and within close proximity to Junction 65 of the A1(M).
The freehold investment comprised a portfolio of ten fully occupied industrial buildings. In total, the estate provided 76,090 sq ft (7,070 sq m) of industrial space, generating a current passing rent of £253,130 per annum, representing an attractive average of £3.33 per sq ft. Notably, recent leasing activity within the Wear Industrial Estate indicates significant potential for rental growth, with a conservative Estimated Rental Value (ERV) calculated at £325,414 per annum (£4.28 per sq ft average).
This sale highlights the continued demand for well-positioned industrial investments with strong growth prospects.
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Location:
Washington, Tyne & Wear
Sector
Industrial
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