Freehold London Office/Medical Investment with Immediate Asset Management Opportunities
Let to South London & Maudsley NHS Foundation Trust (t/a Richmond Community Drug and Alcohol Service)
Lease expires December 2024 (2)
Potential to renew lease for a term of 5 years at same rent (subject to tenant options) (2)
Approximately 2,056 sq ft plus car parking spaces to the rear
Prominent town centre location - 500 metres from Twickenham Railway Station
Nearby retailers include Waitrose, Tesco, Iceland, Gail's, Starbucks, Costa, Nando's and Boots the Chemist
Lot 10
Auction 7th November 2024
Rent £46,500 per Annum Exclusive
Status Sold
Price £490,000
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles south-west of Richmond, 11 miles south-west of Central London
Roads
A4, A305, A310, M3 (Junction 1), M4 (Junction 2)
Rail
Twickenham Railway Station
Air
London Heathrow Airport
Situation
The property is prominently situated in an established commercial and residential location, in the heart of Twickenham town centre, a short walk from Twickenham Railway Station. Nearby retailers include Waitrose, Tesco, Iceland, Gail's, Starbucks, Costa, Nando's and Boots the Chemist.
Tenure
Freehold.
Location
Miles
2 miles south-west of Richmond, 11 miles south-west of Central London
Roads
A4, A305, A310, M3 (Junction 1), M4 (Junction 2)
Rail
Twickenham Railway Station
Air
London Heathrow Airport
Situation
The property is prominently situated in an established commercial and residential location, in the heart of Twickenham town centre, a short walk from Twickenham Railway Station. Nearby retailers include Waitrose, Tesco, Iceland, Gail's, Starbucks, Costa, Nando's and Boots the Chemist.
Tenure
Freehold.
Description
The property comprises an office building arranged over the ground, first and second floors. The property benefits from car parking spaces to the rear.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Description
The property comprises an office building arranged over the ground, first and second floors. The property benefits from car parking spaces to the rear.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Ground First Second plus 2 Car Parking Spaces
Offices Offices Offices
72.08 65.61 53.43
(775) (706) (575)
SOUTH LONDON AND MAUDSLEY NHS FOUNDATION TRUST (1) (t/a Richmond Community Drug and Alcohol Service)
Lease expiring on 20/12/2024 with 5-year lease extension agreed until 20/12/2029 (2)
£46,500
Total
191.12
(2,056)
£46,500
(1) South London & Maudsley NHS Foundation Trust provide the widest range of NHS mental health services in the UK, serving a local population of over 1.3 million in South London, as well as specialist services for children and adults across the UK and beyond (www.slam.nhs.uk) (2) The current lease expires on 20/12/2024. A lease extension has been agreed, subject to contract, with the tenant for a term for 5 years from 21/12/2024 until 20/12/2029 (subject to tenant options to determine) at the same passing rent of £46,500 pa. The new lease will not be completed prior to auction and it will be for a buyer to continue negotiations.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
