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Station Rd 4,303 sq ft Light Industrial Unit Offered at £475,000 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 Property Size | 10,103 sq ft | Floors | 2 |
| Property Type | Industrial (Unit) | Typical Floor Size | 5,052 sq ft |
| Property Subtype | Warehouse | Year Built | 1984 |
| Costar Property Class | C |
| Total Property Size | 10,103 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Costar Property Class | C |
| Floors | 2 |
| Typical Floor Size | 5,052 sq ft |
| Year Built | 1984 |
AMENITIES
- Yard
- Roller Shutters
1 UNIT AVAILABLE
Unit 1
| Unit Size | 4,303 sq ft | Sale Type | Investment |
| Price | £475,000 | Tenure | Long Leasehold |
| Price Per sq ft | £110.39 | Net Initial Yield | 9.40% |
| Unit Use | Light Industrial | NOI | £44,650 |
| Unit Size | 4,303 sq ft |
| Price | £475,000 |
| Price Per sq ft | £110.39 |
| Unit Use | Light Industrial |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 9.40% |
| NOI | £44,650 |
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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