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


£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


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



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An outstanding opportunity

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