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UNDER OFFER

High Yielding Retail Investment for sale in Tyne & Wear with opportunity to add value

Price:

£500,000 (10.44% NIY)

14,998 sq ft

High Yielding Retail Investment


Value-add opportunities through proactive asset management


Units 1-5 Spout Lane, Washington, NE37 2AH


Investment Summary


Prominent location in Washington town centre


Substantial car park immediately opposite the building serving the town centre.


Strong tenant mix including gym, car parts, barbers, carpet shop, florist and beauty salon


Long term tenants gym, car parts and barbers having been in occupation for over 20 years


Total passing rent of £54,650 per annum


High yielding and diversified income


Several opportunities to add value through proactive asset management


Total floor area of 14,998 sq ft


Freehold


Offers are sought in excess of £500,000 (Five Hundred Thousand Pounds) subject to contact and exclusive of VAT.


A purchase at this level reflects a net initial yield of 10.44% assuming standard purchasers’ costs of 4.70% and a very low capital value of only £33.34 psf

Property Details

Location Details

Washington, Tyne & Wear

Sector

Retail

Property PDF

Download our property listing brochure for full details of this listing.

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An outstanding opportunity

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