Offers in region of
£475,000
(£110.39/sq. ft)
Industrial for saleUnit 1 Teddington Business Park, Teddington TW11
4,303 sq. ft
Under offer
About this property
The premises comprises a warehouse unit constructed in the mid 1980’s of portal frame with blockwork walls under a pitched roof. The warehouse has roller shutter loading doors and benefits from ancillary offices at the front the building on ground and first floors. Eaves height of approximately 4.7 metres.
Location
The premises are located on an attractive modern business park developed in the mid 1980’s immediately adjacent to Teddington British Rail station, which provides regular services to London Waterloo via Richmond and Kingston. Access to the A316 is approximately 2.5 miles providing connection to the M3 and M25 motorways. Teddington benefits from a thriving local business community with a range of retailers, cafes, restaurants and public houses within the town centre.
Accommodation
The property has the following approximate gross internal floor areas:-
- Ground Floor: 3,811 Sq Ft (354 Sq M)
- First Floor: 492 Sq Ft (45.7 Sq M)
Totalling 4,303 Sq Ft (399.7 Sq M)
Tenancy
Let to amc Express Ltd on a 10 Year Lease from 01/05/2023 with a Mutual Break option 01/05/29.
Current Rent of £47,500 per annum.
With annual £2,500 pa uplifts in Years 3,4 and 5.
EPC - E121
Proposal
Offers in excess of £475,000 subject to contract, which would reflect a combined Net Initial Yield of 9.4% and a final Reversionary Yield of 10.85%.
Location
The premises are located on an attractive modern business park developed in the mid 1980’s immediately adjacent to Teddington British Rail station, which provides regular services to London Waterloo via Richmond and Kingston. Access to the A316 is approximately 2.5 miles providing connection to the M3 and M25 motorways. Teddington benefits from a thriving local business community with a range of retailers, cafes, restaurants and public houses within the town centre.
Accommodation
The property has the following approximate gross internal floor areas:-
- Ground Floor: 3,811 Sq Ft (354 Sq M)
- First Floor: 492 Sq Ft (45.7 Sq M)
Totalling 4,303 Sq Ft (399.7 Sq M)
Tenancy
Let to amc Express Ltd on a 10 Year Lease from 01/05/2023 with a Mutual Break option 01/05/29.
Current Rent of £47,500 per annum.
With annual £2,500 pa uplifts in Years 3,4 and 5.
EPC - E121
Proposal
Offers in excess of £475,000 subject to contract, which would reflect a combined Net Initial Yield of 9.4% and a final Reversionary Yield of 10.85%.
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