122A Lumley Close, Washington, Tyne And Wear, NE38 0HZ
Address
122A Lumley Close, Washington, Tyne And Wear, NE38 0HZ, England
Auction date
27 Aug 2025
Guide price
£39,000
Type
Commercial
Tenure
Leasehold
EPC Rating
Unknown
Auctioneer
Online Property Auction
Description
This property offers a fantastic opportunity to acquire a versatile, tenanted commercial unit in a highly sought-after business location within Washington. It is situated in the well-established industrial area of Lumley Close, providing excellent connectivity to the North East region.
- Currently tenanted, operating as Lush Tanning.
- Modern industrial unit with an adaptable internal layout.
- Approx. floor space of 119.50 square metres (1,286 square feet).
- Secure roller shutter access and ample on-site parking.
- Ideal for various businesses, including distribution, light manufacturing, or storage.
- High annual rental yield of 15.4% based on the guide price.
- Long leasehold, with 99 years from 07/11/2014 to 06/11/2113 at a peppercorn rent.
Last update: 25 Jul 2025
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