Amenities

• x5 self-contained units
• Highly desirable location
• Excellent development potential
• Commercial and residential options
• Site falls outside Article 4
• Mixed use

Description

The site comprises a terrace of five self-contained units. Units 3-5 have been completely rebuilt to shell condition with brick finished elevations. Unit 2 is an original two storey unit in need of full refurbishment or rebuild. Unit 1 is a single storey building with a yard, in need of full refurbishment or rebuild.

Article 4:
The property is not in an Article 4 Area and therefore amenable to permitted development to change of use to residential C3 under Class M A
subject to the usual provisions.

Development Potential:
The site offers scope either as commercial units, residential housing or mixed use. The demand for new, attractively priced residential housing in this prime location is extremely high and a well finished project would have an estimated GDV of £3m, based on £800 per sq ft. Units 3-5 have been fitted out to shell and core and could be finished to provide Class E(g) accommodation; light industrial remains in constant demand from local businesses due to a shortage of good quality accommodation.

Location

Teddington is a highly affluent town with a diverse combination of national and local retailers. Located approximately 9 miles southwest of Central London it has excellent communications, being adjacent to A316, M3 and M4. Heathrow Airport is only 9 miles to the west. Teddington mainline provides a fast service to London Waterloo (21 mins). Plough Lane is located off Teddington Hight Street approximately 4 minutes’ walk from the station.