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Leasehold Office and Ground Rent Investment

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

£75,000
Commercial
About this Property
2019-05-20
75000
Traditional
Commercial
Description

The property is a leasehold commercial office investment located at Bede House, 5-8 Tower Road, Washington, Tyne And Wear, NE37 2SH. It comprises a detached single-storey office building with four self-contained office units and on-site parking. The property is positioned prominently in the town centre, adjacent to the A1231, and benefits from two long leases with five yearly 2% p.a. compounded reviews. Washington is a new town with a population of approximately 57,000, situated 6 miles west of Sunderland and 4 miles south-east of Gateshead, with convenient access to the A1(M) and A194(M) trunk roads. The rental value is £17,624.

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
09 Jul 2019Unsold Lot Allsop

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