2 Ilex House Holly Road Twickenham London TW1 4HF

2 Ilex House
Holly Road
Twickenham
London
TW1 4HF

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
Auction Venue
Live Streamed Auction

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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

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.