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Industrial & Workshop Details
DEVELOPMENT SITE Twickenham light industrial, warehouse & offices
- Address:
- AIR SEAHOUSE, THIRD CROSS ROAD TWICKENHAM
- Size:
- DEVELOPMENT SITE WITH PLANNING FOR
- Channel:
- Industrial & Workshop
- Location:
- United Kingdom, LONDON (All) - UK, Twickenham / Teddington
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- Company:
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- Building Location:
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Air Seahouse is located in Third Cross Road, Twickenham, between Hampton Road (A311) and Staines Road (A305). The property is adjacent to Trafalgar Junior School, 100m from local shops, within walking distance of Twickenham Green and Strawberry Hill station. Twickenham’s mainline station is within a 10 min walk providing regular service to London Waterloo (journey time of approximately 23 minutes).
The A316 is within approximately 1 mile for access to central London and the national motorway network. There are also numerous bus routes serving the area.- Hounslow Central / Hounslow East
- Strawberry Hill Rail / Twickenham
- M4 / A3
- Heathrow International
- Building Description:
The site is currently a mix of light industrial, warehouse and office space of varying age and specification. The current buildings sit on a site of approximately 0.52 hectares (1.28 acres) in total which is shown edged in red on the attached site plan.
Planning consent has been granted by London Borough of Richmond upon Thames, reference 06/0593/FUL dated 24th January 2007. Detailed planning has been granted for a total of
38,353 sq ft GIA (3,563 sq m) of B1 offices into 26 individual units within a courtyard setting. The design allows flexibility in the unit sizes to be created. Construction will be a mixture of part new build and part refurbishment.
Each office will have a dedicated parking space within the development.
The site fronting Third Cross Road (not highlighted) has been sold separately for residential development which will comprise 5 terraced houses, 3 private flats, 5 affordable apartments, and 4,900 sq ft GIA of B1 offices.
A Section 106 Agreement has been completed and there will be no Section 106 costs with the sale of the B1 element.
PLANNING:
Whilst planning permission has been granted for B1 purposes, other potential uses may be suitable subject to the necessary planning consent. Parties should make their own enquiries of the local authority.
The existing buildings and site could also be of interest to an owner-occupier.
TENURE:
We are instructed to offer the freehold of the property, which is currently subject to two leases expiring 31st December 2009. Both leases are held on full repairing and insuring terms subject to a schedule of condition to Air Sea Packing Group Ltd, at a current total rental of £135,000 per annum exclusive. One lease is inside the Landlord and Tenants Act and the other outside the provisions of the Landlord and Tenants Act. Vacant Possession can be obtained under the Landlord & Tenant Act as planning is in place for redevelopment. Further information is available on request.
VAT:
The sale will be treated as a Transfer of Going Concern (TOGC), therefore VAT will not be applicable.
FREEHOLD:
We are seeking offers in the region of £3,400,000 (Three million four hundred thousand pounds)- Property Type:
- For Sale / Freehold
- Property Features:
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