Location
Teddington, located in the London Borough of Richmond Upon Thames, is an affluent and highly sought after suburb in Southwest London, known for its charming riverside setting in a village-like setting and excellent local amenities. The area benefits from a vibrant high street, an array of independent boutiques, cafés, and restaurants, as well as its proximity to the scenic Bushy Park, the second largest of London’s eight Royal Parks. Teddington’s blend of suburban tranquillity and connectivity to Central London makes it one of the most popular London villages.
The subject property occupies a highly prominent position on Broad Street, one of Teddington’s principal retail thoroughfares. Situated on the western side of the street, the property benefits from a prominent corner at Broad Street’s intersection of Church Road. The property has a unique position, with high footfall levels, and a retail frontage that dominates this section of Broad Street.
Broad Street is home to a diverse mix of national and independent retailers, creating a vibrant retail environment. The tenant mix is an array of leisure and convenience retail operators, well-aligned to Teddington’s demographic. Nearby occupiers include Tesco Express, WHSmith, and Sainsbury’s Local. The surrounding area also features a range of cafés, restaurants, and boutique shops, further enhancing the street’s appeal as a retail and leisure destination.
The property is well connected, with Teddington Railway Station located approximately 0.4 miles to the south, providing frequent services to London Waterloo in around 35 minutes. Broad Street is also served by several local bus routes, while ample public parking is available nearby, ensuring convenient access for shoppers and visitors.
Context
We are instructed to seek offers of £3,545,000 subject to contract and exclusive of VAT. A purchase at this level would reflect a 7.50% Net Initial Yield. Yields are net of purchase’s costs of 6.51%.
Accomodation
The subject property comprises an unbroken corner retail parade consisting of five well configured, ground floor retail units totalling 12,189 sq. ft. The building is of a steal frame and traditional red-brick construction with a reinforced-concrete overhang. There is a service yard to the rear of the property, which is accessible from Church Road.
The upper floors, which do not form part of the sale, comprise former offices that are currently being repurposed to residential use.
The property’s approximate floor areas are detailed in the brochure.
EPC
Energy Performance Certificates (EPC’s) are available on request.
