Rivermead, 6 Lower Teddington Road Hampton Wick Kingston-upon-Thames Surrey KT1 4ER

Rivermead, 6 Lower Teddington Road
Hampton Wick
Kingston-upon-Thames
Surrey
KT1 4ER

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
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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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

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

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Lower Ground Ground First Second	Offices Office Office Office	53.30 sq m 169.60 sq m 110.10 sq m 80.80 sq m	(574 sq ft) (1,825 sq ft) (1,185 sq ft) (870 sq ft)	ADDED VALUE LIMITED (1)	From 25/12/2008 until 24/03/2012 (2)	£90,000	2012
Totals		413.80 sq m	(4,454 sq ft)			£90,000

(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.