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For Sale£6,500,000.00

Becketts Wharf, Lower Teddington Road, Hampton Wick, KT1 4ER

Residential, Mixed use, Office, Healthcare, Other Property Types & Opportunities, Offices , 13521
Property type: Residential, Mixed use, Office, Healthcare, Other Property Types & Opportunities, Offices
Tenure: Development Opportunity, Investment Opportunity, For Sale Freehold, For Sale Leasehold
Size: 13521
Price: £6,500,000.00
Location: Aquilla House & Osbourne House Becketts Wharf, Lower Teddington Road, Kingston Upon Thames, KT1 4ER
Prime South-West London mixed use office and residential investment/development opportunity;
- Prominent, striking office properties in a unique riverside location;
- Located in close proximity to Kingston and Hampton Wick Rail Stations (c.30 minutes to London Waterloo), less than 5 miles
to the A3 Kingston Bypass (15 minutes), approximately 9 miles from London Heathrow Airport (24 minutes) and approximately 30 miles from London Gatwick Airport (c.42 minute drive);
- Aquilla is a modern office block, constructed in 2010, totalling 8,774 sq ft IPMS3 over three floors part-occupied by Smart Training, a subsidiary of the vendor, and part-let to River Street Media at a passing rent of £67,850 per annum providing asset management opportunities to re-furbish and re-let at higher headline rents of £35.00 per sq ft;
- Osbourne House is a two storey office block originally constructed in the 1950s, totalling 4,747 sq ft IPM3 part-let to Reveal Media and Sunshine Healthcare. There is an underlying preserved residential consent to re-develop into 11 private residential units comprising a total net saleable area of approximately 8,800 sq ft;
- 2 Becketts Wharf comprises a modern self-contained block of flats which has been sold on a long lease to a Housing Association, at a peppercorn ground rent.
- Configured around a courtyard, the property has approximately
17 car parking spaces with 6 additional spaces nearby, held on assignable leases;
- Total site area of approximately 0.47 acres (0.19 hectares);
- Offers are sought in excess of £6,500,000 (Six Million, Five Hundred Thousand Pounds) for the combined freehold and long leasehold interests. A purchase at this price reflects a low capital value of £481 per sq ft.

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