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.

...

Attributes

Asking price
SGD 36,296,000
Building area net
11,019 m²
Occupancy
100%
Year built
1974
Cap rate
5.5%
NOI
SGD 2,133,000

Media

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)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
16 May 2024