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More details for Spire Rd, Washington - Retail for Sale

Peel Retail Park - Spire Rd

Washington, NE37 2PA

Retail for Sale
£3,450,000
46,428 sq ft

Air Conditioning
Commuter Rail
24 Hour Access
Wheelchair Accessible
Smoke Detector

Washington Retail for Sale

Peel Retail Park presents an opportunity to acquire a modern freehold retail warehouse investment in Washington, Tyne & Wear. The property comprises a purpose-built two-unit retail warehouse scheme extending to 46,428 sq ft across ground and first floors and is fully let to British Heart Foundation and JD Sports Gyms Limited. Both occupiers are identified within the marketing material as Creditsafe "Very Low Risk" covenants, providing investors with income secured against established national operators. The asset produces a total passing rent of £278,008 per annum and benefits from a weighted average unexpired lease term of 10.6 years to expiry and 8.3 years to break. Approximately 46% of the income benefits from contractual rental uplifts in 2029 and 2034, while the remaining income is subject to an upward-only rent review in 2029, creating potential for future rental growth. Strategically positioned immediately off the A1231 Sunderland Highway, the property enjoys direct connectivity to the A1(M), A194(M) and A19, providing convenient access to Newcastle upon Tyne, Sunderland, Durham and the wider North East region. The scheme occupies a prominent location within an established retail warehouse cluster alongside Lidl, B&M, The Food Warehouse, McDonald's Drive Thru and Costa Coffee, supporting consistent customer activity and long-term occupier appeal. Washington benefits from a substantial resident population, strong regional road infrastructure and proximity to major employment generators, including the Nissan manufacturing complex and associated supply-chain businesses. With no recorded retail warehouse vacancy within Washington and limited availability of larger retail warehouse accommodation in the surrounding area, the asset offers secure income supported by established occupational demand and a low passing rent profile relative to wider market evidence.

Contacts:

NorthCap Real Estate Limited

Smith Young Ltd

Property Subtype:

Standalone

Date on Market:

20/08/2026

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The Archer Portfolio

Retail for Sale
£22,650,000
158,418 sq ft
4 Retail Properties

Portfolio of properties for Sale - Leicester

The Archer Portfolio presents an opportunity to acquire a geographically diversified retail warehouse investment portfolio comprising four purpose-built assets located in Lowestoft, Leicester, Solihull and South Shields. The portfolio provides a broad regional spread across the East of England, East Midlands, West Midlands and North East, offering investors exposure to established retail warehouse locations throughout the UK. The portfolio extends to approximately 142,328 sq ft of accommodation and generates a current contracted income of approximately £1.87 million per annum, secured against a strong platform of national occupiers including B&M Retail Ltd, Sports Direct, Flannels, Next Holdings Ltd and The Gym Group. The assets benefit from a weighted average unexpired lease term (WAULT) of approximately 4.7 years to lease expiry and provide potential for near-term income growth through upcoming rent review and fixed uplift events. Three of the assets are held freehold, with the South Shields property held on a long leasehold interest. The portfolio benefits from a diversified tenant mix comprising nationally recognised retailers and leisure occupiers, providing a secure income stream supported by financially robust covenants. The Archer Portfolio offers investors the opportunity to acquire a well-located retail warehouse portfolio with strong underlying occupier demand, immediate income, asset management opportunities and future rental growth potential.