122A Lumley Close, Washington, Tyne And Wear, NE38 0HZ
Address
122A Lumley Close, Washington, Tyne And Wear, NE38 0HZ, England
Auction date
23 Jul 2025
Guide price
£39,000
Type
Commercial
Tenure
Leasehold
EPC Rating
Unknown
Auctioneer
Online Property Auction
Description
This online auction property presents a great opportunity to acquire a tenanted commercial unit located in the heart of Washington. Known for its excellent connectivity to the North East, the property is situated on Lumley Close in a thriving industrial area. It offers a modern design with adaptable layouts, secure access, and ample parking. The unit spans approximately 119.50 square metres and boasts an annual rental yield of 15.4%, making it a valuable investment for potential buyers.
- Currently tenanted by Lush Tanning.
- Long leasehold, expiring in 2113 at a peppercorn rent.
- Suitable for various business types including storage, light manufacturing, or distribution.
Last update: 21 Jun 2025
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