Offers in region of
£735,000
(£743.17/sq. ft)
Warehouse for saleUnit 2, Teddington Business Park, Station Road, Teddington TW11
From 989 - 5,813 sq. ft
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: 448.2 sq. M (4,824 sq. Ft)
- First Floor: 92 sq. M (989 sq. Ft)
- total: 540.2 sq. M (5,813 sq. Ft)
Tenancy
Let to Halfords on a 5 Year Lease from 10/05/2023 with a lease expiry 09/05/2028. Current Rent of £78,345 per annum, which equates to £13.47 per sq ft.
EPC
Available upon request
VAT
Not Applicable
Proposal
Offers in excess of £735,000 subject to contract, which would reflect a combined Net Initial Yield of 10%.
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: 448.2 sq. M (4,824 sq. Ft)
- First Floor: 92 sq. M (989 sq. Ft)
- total: 540.2 sq. M (5,813 sq. Ft)
Tenancy
Let to Halfords on a 5 Year Lease from 10/05/2023 with a lease expiry 09/05/2028. Current Rent of £78,345 per annum, which equates to £13.47 per sq ft.
EPC
Available upon request
VAT
Not Applicable
Proposal
Offers in excess of £735,000 subject to contract, which would reflect a combined Net Initial Yield of 10%.
Mortgage calculator
Monthly repayment
£3,676 per month
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