UK - Washington, Tyne & Wear
$26,601,000 | 118,611 sf
A prime re-based south-east supermarket with development potential
¦ Affluent and historic Hampshire commuter town located within an area of outstanding natural beauty.
¦ 33.1% of the population are classified as “symbols of success” by Experian as compared to the GB average of 9.7%.
¦ Let to the undoubted covenant of Marks & Spencer P.L.C.
¦ Marks and Spencer have recently renewed their lease for a term of 3 years.
¦ 11,139 sq ft (GIA) foodstore located in a prominent high street position. The property includes a demised car park directly to the rear offering future development opportunities.
¦ Potential to add further massing on the site, subject to planning.
¦ Low passing rent of £125,000 per annum (c.£11.22 per sq ft), reduced from the previous rent of £163,000 per annum.
¦ Freehold tenure.