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196-198 Stanley Rd 1,907 sq ft 100% Let Retail Property Teddington TW11 8UE £1,500,000 (£786.58/sq ft)
Investment Highlights
- Short walk from Teddington and Fulwell stations
- The A316 is within a 10 minute drive
- Regular bus routes serve the area
Executive Summary
The well-known Chinese restaurant Imperial China in Stanley Road in Teddington is up for sale including two flats above for £1.5m.
The existing ground floor tenant is holding over on a Full Repairing & Insuring lease from 09/09/2003 for a term of 20 years with a passing rent of £36,000 per annum exclusive. On flat is vacant and one is held on a shorthold tenancy agreement.
The restaurant has two separate entrance so could be split into two separate units. The flats have access from the rear of the property via metal steps across a flat roof and there is scope for extending or a potential terrace subject to planning.
The existing ground floor tenant is holding over on a Full Repairing & Insuring lease from 09/09/2003 for a term of 20 years with a passing rent of £36,000 per annum exclusive. On flat is vacant and one is held on a shorthold tenancy agreement.
The restaurant has two separate entrance so could be split into two separate units. The flats have access from the rear of the property via metal steps across a flat roof and there is scope for extending or a potential terrace subject to planning.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,907 sq ft
Costar Property Class
C
Year Built
1900
Price
£1,500,000
Price per sq ft
£786.58
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
1 1
Nearby Major Retailers
1 of 5
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196-198 Stanley Rd
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