Asda Washington
UK - Washington, Tyne & Wear
£21,170,000 | 118,611 sf
Asset Description
The Grade II listed building was originally built for the exclusive use of the royal family
» The partially covered shopping centre was converted from part of the old central railway station built in the 1850s
» In 1997 additional units were built in a complementary style, and waiting rooms and left luggage stores were converted to modern shop units
» The centre has 5 entrances, including direct access from the train station into the scheme
» Comprises an income generating car park to the rear with 55 parking spaces for tenants
» 3 trains arrive in to the station every hour, each having a capacity of 300 seats
...
Attributes
Building area Net
142,000 sf
Occupancy
90.00%
Year built
2000
Property Reference Number
10012304262
NOI
£1,245,000
Media
Investment Highlights
Term: 99 years from 14 Aug 1996, with option to renew for
further 60 years + option for further 41 years
» Rent: Current rent the higher of £145,250 pa or 8.41% of income
less allowed expenditure + 50% of the car park income less
allowed expenditure
Contact brokers
Windsor Royal Station, PM+ (0 Properties)
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
30 Nov 2022
