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Station Rd 4,303 SF Flex Condo Unit Offered at $635,928 in Teddington TW11 9BQ
INVESTMENT HIGHLIGHTS
- Attractive modern business park
- Thriving local business community with a range of retailers
- Immediately adjacent to Teddington British Rail station
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Total Building Size | 10,103 SF | Floors | 2 |
| Property Type | Industrial (Condo) | Typical Floor Size | 5,052 SF |
| Property Subtype | Warehouse | Year Built | 1984 |
| Building Class | C |
| Total Building Size | 10,103 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 5,052 SF |
| Year Built | 1984 |
AMENITIES
- Yard
- Automatic Blinds
1 UNIT AVAILABLE
Unit 1
| Unit Size | 4,303 SF | Sale Type | Investment |
| Price | $635,928 | Tenure | Long Leasehold |
| Price Per SF | $147.79 | Cap Rate | 9.40% |
| Condo Use | Flex | NOI | $59,777.22 |
| Unit Size | 4,303 SF |
| Price | $635,928 |
| Price Per SF | $147.79 |
| Condo Use | Flex |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 9.40% |
| NOI | $59,777.22 |
DESCRIPTION
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.
SALE NOTES
The unit is 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.
Presented by
Station Rd
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