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Cairns House, Teddington, TW11 9BQ
8,824 sq ft (820 sq m)
Guide price £1.7m - £1.8m
Investment
Investment
- Prime, Fully Let Office Investment
- FOR SALE BY AUCTION WITH ALLSOPS
DESCRIPTION
The property comprises a detached office
over Ground and First floors and totals
approximately 820 sq. m (8,825 sq. ft).
Both floors have been maintained
extremely well and the ground floor
(Heartwood Collection) was completely
refurbished and fitted out to a high
specification 2 years ago. There are 12
parking spaces.
EXECUTIVE SUMMARY
Long leasehold interest with approximately 83 years
unexpired.
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.
Offers in excess of £2,275,000, subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 10%, assuming standard purchaser’s costs of 6.8%.
Location
Teddington, located in the London Borough of Richmond Upon Thames, is an affluent and highly sought-after suburb in Southwest London, known for its charming riverside setting in a village-like setting and excellent local amenities. The area benefits from a vibrant high street, an array of independent boutiques, cafés, and restaurants, as well as its proximity to the scenic Bushy Park, the second largest of London’s eight Royal Parks.Teddington’s blend of suburban tranquillity and connectivity to Central London makes it one of the most popular London villages. The subject property is situated in Teddington Business Park an established business park built in the 1980’s, adjacent to Teddington Railway station and Travelodge. The property is 0.2 miles from the High Street and Broad Street that features a range of cafés, restaurants, boutique shops and further amenities.
Accommodation
| Floor | Area (sq ft / sq m) |
|---|---|
|
Ground Floor |
4412 sq ft (409.89 sq m) |
|
First Floor |
4412 sq ft (409.89 sq m) |
Contact an agent
Senior Agency Surveyor
sharon@snellers.comSimilar properties in the area
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