Washington Centre | Washington NE38 7RT
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Washington Centre
Washington NE38 7RT
The Galleries Shopping Centre · Retail Property For Sale · 535,000 SF
Investment Highlights
- Long unexpired term of 49 years
- Passing rent £1,243,550
- Single let
Executive Summary
The property is prominently situated in Washington fronting both Sunderland Highway and Washington Highway. The store has a large catchment population of 1,198,323 people iwth a comparison goods spend potential of £74.4 million.
PROPERTY FACTS
| Unit Size | 118,611 SF | Number of Floors | 2 |
| No. Units | 1 | Typical Floor Size | 300,000 SF |
| Total Building Size | 535,000 SF | Year Built | 1974 |
| Property Type | Retail (Unit) | Lot Size | 19.51 AC |
| Sale Type | Investment | Parking Ratio | 3.96/1,000 SF |
| Building Class | B |
| Unit Size | 118,611 SF |
| No. Units | 1 |
| Total Building Size | 535,000 SF |
| Property Type | Retail (Unit) |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 2 |
| Typical Floor Size | 300,000 SF |
| Year Built | 1974 |
| Lot Size | 19.51 AC |
| Parking Ratio | 3.96/1,000 SF |
1 Unit Available
Unit Asda
| Unit Size | 118,611 SF | Net Initial Yield | 6.00% |
| Unit Use | Retail | NOI | £1,270,200 |
| Sale Type | Investment | No. Parking Spaces | 458 |
| Tenure | Freehold |
| Unit Size | 118,611 SF |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.00% |
| NOI | £1,270,200 |
| No. Parking Spaces | 458 |
Description
Newly refurbished supermarket unit comprising 118,611 sq ft with 458 car parking spaces.
Sale Notes
The unit is single let in its entirety to McLagan Investments Ltd, with a guarantee from Asda Stores Limited on a long term lease at £10.46 per sq ft.
Amenities
- Food Court
- Property Manager on Site
- Security System
- Storage Space
- Air Conditioning
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