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10 Station Rd 8,824 SF Office Condo Unit Offered at $4,835,772 CAD in Teddington TW11 9AA
INVESTMENT HIGHLIGHTS
- Teddington is characterised by its affluent and well-educated population
- Provides a substantial catchment area that extends far beyond Teddington
- The wider borough of Richmond upon Thames, with a population of 195,232
PROPERTY FACTS
| Total Building Size | 1,845 SF | Typical Floor Size | 769 SF |
| Property Type | Flex (Condo) | Year Built | 1981 |
| Property Subtype | Light Manufacturing | Lot Size | 1.77 AC |
| Building Class | B | Parking Ratio | 1.19/1,000 SF |
| Floors | 2 |
| Total Building Size | 1,845 SF |
| Property Type | Flex (Condo) |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 769 SF |
| Year Built | 1981 |
| Lot Size | 1.77 AC |
| Parking Ratio | 1.19/1,000 SF |
AMENITIES
- Air Conditioning
UTILITIES
- Lighting - Fluorescent
1 UNIT AVAILABLE
Unit Unit 10
| Unit Size | 8,824 SF | Sale Type | Investment |
| Price | $4,835,772 CAD | Tenure | Long Leasehold |
| Price Per SF | $548.02 CAD | Cap Rate | 8.76% |
| Condo Use | Office | NOI | $423,613.64 CAD |
| Unit Size | 8,824 SF |
| Price | $4,835,772 CAD |
| Price Per SF | $548.02 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 8.76% |
| NOI | $423,613.64 CAD |
DESCRIPTION
A modern office building arranged over ground and first floors,
comprising a total of 8,824 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.
SALE NOTES
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%.
Presented by
10 Station Rd
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