Business park for sale in Station Road, Teddington Business Park., Teddington TW11

Description:

The premises comprise two adjoining warehouse units constructed in the mid 1980’s of portal frame construction with blockwork walls under a pitched roof. Both warehouses have roller shutter loading doors and benefit from ancillary offices in the front of each building on ground and first floors.

Lease Terms and Income

Unit 1
10 Year Lease from 01/05/2023
Rent Review & Mutual Break 01/05/29 Rent £47,500 per annum. With annual £2,500 pa uplift in Years 3,4 and 5
Unit 2
£69,185 pa to 09/05/2023.
Lease within 1954 L&T Act. Lease renewal pending to £78,345 pa.

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.

The property has the following approximate gross internal floor areas:-

Unit 1 ft sq. M²
Ground Floor 3,811 354
First Floor 492 45.7
total 4,303 399.7

Unit 2 ft sq. M²
Ground Floor 4,824 448.2
First Floor 989 92
total 5,814 540.2

Tenure:
A sale of the long leasehold interest of 125 years from 1985.

Price:
Offers invited in the region of £2,000,000. The units can be purchased separately.

VAT

To be confirmed

Business Rates
Rateable Value 2023
Unit 1: £49,250
Unit 2: £64,000
For confirmation of rates payable, please contact the business rates department of the London Borough of Richmond upon Thames.

Energy Performance Rating
Energy Rating:
Unit 1: C (53)
Unit 2: E (121)