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Leasehold Office and Ground Rent Investment

Bede House, 5-8 Tower Road, Washington, Tyne And Wear, NE37 2SH

£50,000
Commercial
About this Property
2019-07-09
50000
Traditional
Commercial
Description

Leasehold office and ground rent investment located at Bede House, 5-8 Tower Road, Washington, Tyne And Wear, NE37 2SH. This commercial property comprises a purpose-built single-storey detached office building with four self-contained office units and on-site parking. It is situated in a prominent position in the town centre, adjacent to the A1231, at the junction of the A195 and A1290 trunk roads. The property benefits from two long leases with five-yearly compounded reviews of 2% p.a. VAT is applicable, and a six-week completion is available. The rental value is £17,624. Washington is a new town with a population of approximately 57,000, located 6 miles

Location
More Information
Leasehold
Tower Road
Planing Authority
Sunderland LPA
Sold Price History
19 Mar 2013Sold Lot Allsop£100,000
08 Jul 2014Sold Lot Allsop£240,000
20 May 2019Withdrawn Lot Allsop£75,000

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