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196-198 Stanley Rd 1,907 SF 100% Leased Retail Building Teddington TW11 8UE $2,831,025 CAD ($1,484.54 CAD/SF)
Investment Highlights
- Short walk from Teddington and Fulwell stations
- The A316 is within a 10 minute drive
- Regular bus routes serve the area
Executive Summary
The well-known Chinese restaurant Imperial China in Stanley Road in Teddington is up for sale including two flats above for £1.5m.
The existing ground floor tenant is holding over on a Full Repairing & Insuring lease from 09/09/2003 for a term of 20 years with a passing rent of £36,000 per annum exclusive. On flat is vacant and one is held on a shorthold tenancy agreement.
The restaurant has two separate entrance so could be split into two separate units. The flats have access from the rear of the property via metal steps across a flat roof and there is scope for extending or a potential terrace subject to planning.
The existing ground floor tenant is holding over on a Full Repairing & Insuring lease from 09/09/2003 for a term of 20 years with a passing rent of £36,000 per annum exclusive. On flat is vacant and one is held on a shorthold tenancy agreement.
The restaurant has two separate entrance so could be split into two separate units. The flats have access from the rear of the property via metal steps across a flat roof and there is scope for extending or a potential terrace subject to planning.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,907 SF
Building Class
C
Year Built
1900
Price
$2,831,025 CAD
Price Per SF
$1,484.54 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
1 1
Nearby Major Retailers
1 of 5
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196-198 Stanley Rd
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