Freehold Office Investment with Residential Development Potential (Subject to Consents)
Well located close to River Thames and Kingston town centre
Large car park for approximately 18 cars
Let to subsidiary of WPP with reversion in 2012
Lot 39
Auction 27th May 2010
Rent £90,000 per Annum
Status Sold Prior
Price
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Estimated District Population
147,000 (Kingston)
Miles
?1/2 mile from Kingston town centre
2 miles from Twickenham
13 miles from Central London
Roads
M3 (Junction 1), A316, A3
Rail
London Waterloo
Air
Heathrow and Gatwick Airports
Situation
Well located in the Becketts Wharf riverside area of Hampton Wick on Lower Teddington Road some 150 metres from Kingston Bridge. The locality is predominantly residential, however, the area has attracted major occupiers including Gazprom and Brand Learning.
Tenure
Freehold.
Location
Estimated District Population
147,000 (Kingston)
Miles
?1/2 mile from Kingston town centre
2 miles from Twickenham
13 miles from Central London
Roads
M3 (Junction 1), A316, A3
Rail
London Waterloo
Air
Heathrow and Gatwick Airports
Situation
Well located in the Becketts Wharf riverside area of Hampton Wick on Lower Teddington Road some 150 metres from Kingston Bridge. The locality is predominantly residential, however, the area has attracted major occupiers including Gazprom and Brand Learning.
Tenure
Freehold.
Description
A prominent detached three storey Grade II Listed office building. The office benefits from gas-fired central heating, and there is large car park to the rear for approximately 18 cars accessed from Becketts Place. Planning The sellers have an 'in principle' agreement to enter into a joint venture with the adjoining owner of 6A Lower Teddington Road for the construction, within the two properties' car parks, of a four storey residential building comprising 4 x two bedroom flats and 3?x one bedroom flats. A pre-application has been submitted to Richmond Borough Council. A copy of the Council's response is available upon request. VATVAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
A prominent detached three storey Grade II Listed office building. The office benefits from gas-fired central heating, and there is large car park to the rear for approximately 18 cars accessed from Becketts Place. Planning The sellers have an 'in principle' agreement to enter into a joint venture with the adjoining owner of 6A Lower Teddington Road for the construction, within the two properties' car parks, of a four storey residential building comprising 4 x two bedroom flats and 3?x one bedroom flats. A pre-application has been submitted to Richmond Borough Council. A copy of the Council's response is available upon request. VATVAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
(1) Added Value Ltd is a subsidiary of WPP plc. (2) The lease is drawn on full repairing and insuring terms and is granted inside the Landlord & Tenant Act.
