Goodrich House, Teddington
Total Page:16
File Type:pdf, Size:1020Kb
GOODRICH HOUSE | 1 WALDEGRAVE ROAD | TEDDINGTON | TW11 8LZ GOODRICH HOUSE 1 WALDEGRAVE ROAD | TEDDINGTON | TW11 8LZ ‘A VACANT POSSESSION OFFICE REFURBISHMENT / REDEVELOPMENT OPPORTUNITY’ 1 GOODRICH HOUSE | 1 WALDEGRAVE ROAD | TEDDINGTON | TW11 8LZ INVESTMENT SUMMARY Vacant possession office The property is located in a prominent The property benefits from 35 car Freehold; refurbishment / redevelopment position in the heart of Teddington at parking spaces, which equates to an Offers are sought in excess of opportunity in the affluent town of the north end of the High Street, less excellent urban car parking ratio of Teddington in the London Borough of than 5 minutes’ walk from Teddington 1:318 sq ft; £3,250,000 (Three Million Two , Richmond upon Thames; Railway Station; Hundred and Fifty Thousand Pounds) The building will be provided with subject to contract and exclusive of VAT. Teddington benefits from a direct and The property comprises 3 individual vacant possession, providing excellent regular rail service to Central London, buildings linked by a central re-letting opportunities or potential and excellent access to the M3, M25 courtyard, totalling 11,137 sq ft; for further development subject to and Heathrow Airport; planning; 2 GOODRICH HOUSE | 1 WALDEGRAVE ROAD | TEDDINGTON | TW11 8LZ HAMPSTEAD A 5 WEMBLEY 6 40 A REGENT’S A 40 PARK HOXTON LONDON ZOO PARK ROYAL CENTRAL LOCATION & MADAME TUSSAUDS LONDON 40 A A PADDINGTON 42 2 0 1 2 3 A BUCKINGHAM NOTTING HYDE COMMUNICATIONS PALACE A HILL PARK 4 0 WATERLO O 6 VICTORI A KNIGHTSBRIDGE HEATHROW LONDON M4 A4 EYE Teddington is a town in the London Teddington Railway Station provides M A306 4 3 A Borough of Richmond upon Thames in direct, regular services to London HARRODS South West London, approximately 12.5 Waterloo with a journey time of KEW A 42 0 2 A VAUXHALL miles from Central London. approximately 36 minutes, in addition 20 5 CLAPHA M to services to surrounding towns JUNCTI ON BARNES The town is situated in an affluent area 205 A including Kingston upon Thames, TWICKENHAM A3 on the north bank of the River Thames, STADIU M RICHMOND PUTNEY Wimbledon and Richmond. CLAPHAM A2 1.5 miles to the south of Twickenham, 05 and 2.1 miles north west of Kingston Heathrow Airport is also located in close TWICKENHAM 12 STATION RICHMOND A3 PARK upon Thames. Bushy Park, London’s proximity to the town, with a drive time second largest Royal Park, is located of less than half an hour. Heathrow is the immediately to the south of the town. world’s second busiest airport, serving WIMBLEDON WIMBLEDO N TEDDINGTON COMMO N 185 destinations in 84 countries around WIMBLEDO N Teddington is strategically located for A 2 3 the world, and this is set to increase if WIMBLEDO N HAMPT ON WIC K access to the national road and rail A308 CHASE the proposed expansion of the airport BUSHY YNES PARK network. Great Chertsey Road and RA PARK KINGSTON goes ahead, as approved by the UPON THAMES Hampton Court Road are easily reached NEW MAL DEN Airports Commission. HAMPTON COURT from the town, both of which lead to the 9 0 3 M3 and M25. In addition, both the A4 Teddington is well placed for access SURBITON 3 A A and A3 are easily accessible to the north to a wide variety of local attractions ESHE R and south respectively, providing access including Twickenham Rugby Stadium, GATWICK to the M4 motorway and the wider Hampton Court Palace and Kew SANDOWN PARK South East. Gardens. St Mary’s University College STONELEIG H CROYDON Not scale. to For indicative purposes only A232 campus, home to over 6,000 students, is 3 A located 0.5 mile to the north of the town in Strawberry Hill. 3 GOODRICH HOUSE | 1 WALDEGRAVE ROAD | TEDDINGTON | TW11 8LZ BUSHY PARK TEDDINGTON STATION TEDDINGTON POOLS & FITNESS CENTRE 4 S E M H A T E R I V R OR RD MAN AM RD NH only purposes indicative For scale. to Not CKE KINGSTON RD TWI 5 SITUATION 3 1 3 A The property is located in a prominent position in Teddington town centre. The building sits on the corner junction of Waldegrave Road and High Street, fronting the roundabout. It is situated in a mixed-use area bordered predominantly by TEDDINGTON residential buildings. Pizza Express sits directly adjacent to the property, whilst Travelodge and Nando’s are located directly opposite. WALDEGRA VE RD It is well located at the top of Teddington’s High Street, offering a range of national retailers including Starbucks, Boots, Marks & Spencer and WH Smith, in addition to a number of independent stores and boutiques. The property is 0.2 miles from Teddington Railway Station, which is less than 5 minutes’ walk. 9 3 0 1 3 A 3 The River Thames and Teddington Lock are located 0.5 miles to A the east of the property. RD GOODRICH HOUSE | 1 WALDEGRAVE ROAD | TEDDINGTON | TW11 8LZ LEY AN ST QU EEN’S RD 3 1 3 A GOODRICH HOUSE | 1 WALDEGRAVE ROAD | TEDDINGTON | TW11 8LZ DESCRIPTION Goodrich House is comprised of Building 2 fronts Waldegrave Road and three pavilion style office buildings has steps leading up from the pavement totalling 11,137 sq ft.* The buildings for access. This building is arranged over were constructed in the 1980s as part ground and two upper floors, totalling of a mixed-use office / residential 4,420 sq ft*. The building provides office development, and the residential accommodation, male and female WCs apartments still exist adjacent to the and a passenger lift. property. Building 3 is situated on the north The buildings are arranged around a eastern side of the site. It is arranged central courtyard, which is accessible over ground and one upper floor, via a path from Hampton Road or via a totalling 3,807 sq ft*. This building is staircase leading from Waldegrave Road currently used to provide a substantial and the underground car park. Buildings board room and kitchen on part of the 1 and 3 are linked by a single storey ground floor, with office accommodation reception block. on part ground and the first floor. The building includes male and female WCs. Building 1 is arranged over ground and one upper floor, totalling 2,910 sq ft*. The property benefits from 35 car The building currently provides two parking spaces, which equates to an floors of office accommodation, a small excellent urban car parking ratio of kitchen, and male and female WCs. 1:318 sq ft*. *based on IPMS 3 measurements. 6 GOODRICH HOUSE | 1 WALDEGRAVE ROAD | TEDDINGTON | TW11 8LZ ACCOMMODATION The property has been measured by Lane & Frankham in accordance with both the RICS Code of Measuring Practice (6th Edition) 2007) and the RICS Property Measurement (1st Edition) 2015, which incorporates the International Property Measurement Standard (IPMS). It provides the following Net Internal Areas (NIA) and IPMS 3 areas: NIA IPMS 3 DESCRIPTION SQ M SQ FT SQ M SQ FT Building 1 1st 120.6 1,298 125.5 1,351 Ground 140.1 1,508 144.8 1,559 Total 260.7 2,806 270.3 2,910 Building 2 2nd 132.0 1,421 137.4 1,479 1st 131.7 1,418 135.0 1,453 Ground 125.4 1,350 129.8 1,399 Lobby 10.3 111 8.3 89 Total 399.4 4,300 410.6 4,420 Building 3 1st 121.0 1,302 126.3 1,359 Ground 178.8 1,925 182.9 1,969 Reception 44.5 479 44.5 479 Total 344.3 3,706 353.7 3,807 TOTAL 1,004.4 10,812 1,034.6 11,137 7 GOODRICH HOUSE | 1 WALDEGRAVE ROAD | TEDDINGTON | TW11 8LZ TENURE Freehold. SITE The property is situated on a prominent corner site and the site area extends to approximately 0.26 acres (0.11 hectares). The site is outlined below. e t 1 o us 12 Ho 3 rd Rutherfo 3 PLANNING 2 The property falls within the jurisdiction of the London secondary and tertiary office accommodation lost to Borough of Richmond upon Thames. It is situated residential conversion in the Greater London and South in the High Street Teddington Conservation Area. East office markets. Teddington has been significantly There are no listed buildings on the site. The site impacted by PDR policies, with a number of vacant is bounded to the north by residential apartments office buildings converted to alternative uses, including and a Pizza Express restaurant, to the east by office student accommodation, residential, and other public 1 accommodation and retail uses, to the south by a / leisure uses. In response, the London Borough of Nando’s restaurant and a Travelodge, and to the west Richmond upon Thames Council have invoked an by further office accommodation. Article 4 Direction on the site (in place since 30th November 2014), which prevents a change of use from Since the introduction of Permitted Development 0m 5m 10m15m 1 B1(a) Offices to C3 Residential under PDR. NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of Rights (PDR), allowing change of use from B1 Offices H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Park PublishedOrdnance Suforrvey the©Cro wnpurposesCopyright 2018. Aloflrig identificationhtsreserved. Licence number 100022432.only and Plotte dSalthoughcale - 1:485 believed to be correct accuracy is to C3 Residential without the need for planning Further information can be found on the Council’s not guaranteed. permission, the market for vacant possession office website: buildings in towns across Greater London and the South East has become particularly strong.