£175,000
(£648.15/sq. ft)
Office for saleChurch Road, Teddington TW11
270 sq. ft
Just added
About this property
Freehold investment
Potential for regearing / added value
Rear open space included
Central Teddington
Ground rents of £300
For sale. Freehold investment comprising self-contained ground floor office, back land/parking parcel and ground rents from two flats. 999-year lease in place (pension/ sipp-friendly). In A small parade of similar professional services and residential flats and houses. 270 sq. Ft. (25 M2). Rates free.
Location: The premises are conveniently situated to the north of Teddington’s main town centre at the junction of Church Road and Latimer Road. Excellent shopping facilities are, therefore, within a short walk as are major bus routes and Teddington station. By car, the A316 is within a short drive and in turn provides swift access to the M3, M25, Heathrow and City Centre.
Investment opportunity with a chance to revisit land/parking to the rear of the property. Let to a long-established property management company in refurbished and redecorated condition the self-contained ground floor E class premises are held in a pension friendly long lease in the same ownership as the freehold.
The freehold title incorporates a parcel of land to the rear which could be re-sold to add value to the neighbouring properties or used to create valuable parking spaces.
The apartments are sold on long leases and incur a combined ground rent of £300. Business rates free. Nb we do not believe the office is viable for residential development being too small to meet minimum room size requirements.
Accommodation: Ground floor office of some 270 Sq. Ft. With WC
Internal width 12’
Built depth 21’ 6
Let on a simple lease at £9000 to 2030 with a review and break clause in 2027 with the potential to revisit for owner-occupation. (subject to contract).
Ground rents from two leases being 150 years from 2004 at £150 per annum per annum rising to £300 each after 50 years.
Price: £175,000 for the freehold and combined lease.
Viewing: By appointment through the Landlord’s sole agent Milestone Commercial
energy performance: C
The details in these particulars are meant as a guide only and do not constitute an offer or contract and any intended tenant or purchaser should satisfy themselves as to being correct. Statements contained herein are made in good faith but without responsibility by Milestone Commercial Agency Ltd. Or our clients. All figures ex-vat where applicable. Any equipment remains untested.
Location: The premises are conveniently situated to the north of Teddington’s main town centre at the junction of Church Road and Latimer Road. Excellent shopping facilities are, therefore, within a short walk as are major bus routes and Teddington station. By car, the A316 is within a short drive and in turn provides swift access to the M3, M25, Heathrow and City Centre.
Investment opportunity with a chance to revisit land/parking to the rear of the property. Let to a long-established property management company in refurbished and redecorated condition the self-contained ground floor E class premises are held in a pension friendly long lease in the same ownership as the freehold.
The freehold title incorporates a parcel of land to the rear which could be re-sold to add value to the neighbouring properties or used to create valuable parking spaces.
The apartments are sold on long leases and incur a combined ground rent of £300. Business rates free. Nb we do not believe the office is viable for residential development being too small to meet minimum room size requirements.
Accommodation: Ground floor office of some 270 Sq. Ft. With WC
Internal width 12’
Built depth 21’ 6
Let on a simple lease at £9000 to 2030 with a review and break clause in 2027 with the potential to revisit for owner-occupation. (subject to contract).
Ground rents from two leases being 150 years from 2004 at £150 per annum per annum rising to £300 each after 50 years.
Price: £175,000 for the freehold and combined lease.
Viewing: By appointment through the Landlord’s sole agent Milestone Commercial
energy performance: C
The details in these particulars are meant as a guide only and do not constitute an offer or contract and any intended tenant or purchaser should satisfy themselves as to being correct. Statements contained herein are made in good faith but without responsibility by Milestone Commercial Agency Ltd. Or our clients. All figures ex-vat where applicable. Any equipment remains untested.
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