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Whitworth Road Industrial Estate Washington, NE37 1PP

Industrial for sale

£1,550,000
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Total price
2900Sq Ft
Space

Multi-let industrial estate prominently located in Washington, within an established industrial area.

• Comprising 20 self-contained light industrial units ranging in size from 2,900 sq ft to 6,236 sq ft and totalling, 74,022 sq ft.

• Well-let popular estate with full occupancy.

• Strong demand from owner occupiers with a number of units sold off on a long leasehold basis.

• Low passing rents with good reversionary potential.

• Total passing rent of £165,950 reflecting a low average of £4.11 per sq ft (based on 40,336 sq ft).

• Seeking offers of £1,550,000 (One Million, Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 10.09% after purchaser's costs of 6.12%.

Listed Features

  • Light Industrial
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Property Marketed By
Avison Young