Asda Washington_Property for Sale
Asda Washington_Property for Sale
The Galleries Washington Centre, Washington, Tyne & Wear, NE38 7NF, UK

Asda Washington

Asset Description

Long-let supermarket investment with c. 50 years term certain.



Asking price
Building area net
11,019 m²
Year built
Cap rate


Investment Highlights

  • Prominently situated in Washington fronting both Sunderland Highway (A1231) and Washington Highway (A182)
  • Newly refurbished supermarket unit of 118,611 sq ft, with approximately 458 car parking spaces (1:259 sq ft)
  • Large catchment population of 1,198,323 people (2021) with a comparison goods spend potential of £74.4 million
  • Single-let in its entirety to McLagan Investments Ltd, with a Guarantee from Asda Stores Limited
  • Exceptionally long unexpired term of 49 years to expiry with no breaks
  • Passing rent of £1,243,550 per annum equating to an affordable average rent of £10.46 per sq ft secured against a low risk covenant
  • Freehold

Contact brokers

Asda Washington (0 Properties)

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Last updated
16 May 2024