Amenities

• Prime retail thoroughfare location
• Reversionary lease expiry in May 2027
• Estimated Rental Value of £40,000 pa

Description

The property is registered as a Building of Townscape Merit and comprises ground floor Class E / staff ancillary, with basement storage, and ancillary offices on the first and second floor. To the rear is a yard area with pedestrian access to Station Road.

The upper floors have the potential to be converted into a self contained 2 x bed flat, which has a potential gross development value of over ~£400,000
In 2019, Application No 19/0648/FUL was submitted to convert the uppers into a 3 x Bed flat with access at the rear. Under a delegated decision, the Case Officer accepted the principle of residential use, but preference was stated for a 2 x bed flat with improved access
There is an opportunity to re-let the ground and basement only in 2027, and convert the uppers under an amended application (stp)

Location

Teddington is regarded as one of the most desirable London suburbs to live and work. With an abundance of local amenities, including Teddington Lock and Bushy Park, the town attracts highly affluent residents seeking the ‘village-like’ setting.
The property is situated in the heart of the town on High Street, opposite its junction with Vicarage Road. The vibrant array of boutique retailers, street cafes and national retailers make it a one-stop-shop for local residents.
Nearby retailers include Marks & Spencer, Waterstones, Starbucks and Sainsbury’s Local.