Property photos
Just added
Offers over
£2,600,000
(£589.30/sq. ft)
Office for sale
10 Station Road, Teddington TW114,412 sq. ft
Local area information
Property location
Nearby amenities
- Teddington 0.1 miles
- Turing House School 0.3 miles
- St Mary's and St Peter's Church of England Primary School 0.4 miles
- Fulwell 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Teddington to find out more about the local area.
Features and description
Summary
Teddington is located within the London Borough of Richmond upon Thames and is widely regarded as one of the most desirable places to live in the UK. The area benefits from an affluent, expanding catchment population and a vibrant business community.
Located within Teddington Business Park, the property enjoys a highly accessible position adjacent to Teddington Railway Station, the Travelodge hotel and local amenities.
Long leasehold interest with approximately 83 years unexpired.
A modern office building arranged over ground and first floors, comprising a total of 8,825 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, Total current passing rent of £242,850 per annum, exclusive of VAT.
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%
Tenure:
The property is held on a long leasehold interest of 125 years from March 1983, therefore 83 years unexpired.
Teddington is located within the London Borough of Richmond upon Thames and is widely regarded as one of the most desirable places to live in the UK. The area benefits from an affluent, expanding catchment population and a vibrant business community.
Located within Teddington Business Park, the property enjoys a highly accessible position adjacent to Teddington Railway Station, the Travelodge hotel and local amenities.
Long leasehold interest with approximately 83 years unexpired.
A modern office building arranged over ground and first floors, comprising a total of 8,825 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, Total current passing rent of £242,850 per annum, exclusive of VAT.
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%
Tenure:
The property is held on a long leasehold interest of 125 years from March 1983, therefore 83 years unexpired.
More information
Listed by
Sneller Commercial
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