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10 Station Rd 8,824 sq ft Office Unit Offered at £2,600,000 in Teddington TW11 9AA
INVESTMENT HIGHLIGHTS
- Teddington is characterised by its affluent and well-educated population
- Provides a substantial catchment area that extends far beyond Teddington
- The wider borough of Richmond upon Thames, with a population of 195,232
PROPERTY FACTS
| Total Property Size | 1,845 sq ft | Typical Floor Size | 769 sq ft |
| Property Type | Light Industrial (Unit) | Year Built | 1981 |
| Property Subtype | Light Manufacturing | Total Plot Size | 1.77 ac |
| Costar Property Class | B | Parking Allocation | 1.19/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 1,845 sq ft |
| Property Type | Light Industrial (Unit) |
| Property Subtype | Light Manufacturing |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 769 sq ft |
| Year Built | 1981 |
| Total Plot Size | 1.77 ac |
| Parking Allocation | 1.19/1,000 sq ft |
AMENITIES
- Air Conditioning
UTILITIES
- Lighting - Fluorescent
1 UNIT AVAILABLE
Unit Unit 10
| Unit Size | 8,824 sq ft | Sale Type | Investment |
| Price | £2,600,000 | Tenure | Long Leasehold |
| Price Per sq ft | £294.65 | Net Initial Yield | 8.76% |
| Unit Use | Office | NOI | £227,760 |
| Unit Size | 8,824 sq ft |
| Price | £2,600,000 |
| Price Per sq ft | £294.65 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 8.76% |
| NOI | £227,760 |
DESCRIPTION
A modern office building arranged over ground and first floors,
comprising a total of 8,824 sq ft.
The Ground Floor is let to Heartwood Collection Limited on a
5 Year Lease from 15/08/2023 at a Current Rent of £116,000
per annum, which equates to £26 per sq. ft.
The First Floor is let to OLM Systems Limited on a 10 year
lease from 11/08/2022 at a Current passing rent of £126,850
per annum, which equates to £29 per sq. ft.
SALE NOTES
Pricing: Offers in excess of £2,600,000, subject to
contract and exclusive of VAT. A purchase at this
level reflects a Net Initial Yield of 8.76%, assuming
standard purchaser’s costs of 6.51%.
Presented by
10 Station Rd
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