25 Kew Foot Road Richmond TW9 2SS New build office let to the Government for 15 years with a break in year 10 02 TWICKENHAM STADIUM HEATHROW AIRPORT RIVER THAMES ROYAL MID SURREY M3 - 6 miles M25 - 11 miles GOLF CLUB Heathrow Airport - 11 miles OLD DEER PARK TWICKENH AM ROAD RICHMOND ATHLETIC ASSOCIATION RICHMOND GREEN A316 G EO RICHMOND THEATRE RG E ST RE ET 25 Kew Foot Road WAITROSE THE QUADRANT RICHMOND SHEEN ROAD 3 MINUTE WALK SHEEN ROAD Central London - 8 miles 25 KEW FOOT ROAD, RICHMOND-UPON-THAMES, TW9 2SS 03 • Prime office investment opportunity in Richmond, the heart of • Provides investors with a 450 basis point return premium over Investment South West London. the equivalent government gilt summary • Prominently positioned on Kew Foot Road, close to the A316 and a • The National Probation Service is relocating from 2 nearby offices, 3 minute walk to Richmond Town Centre and Railway Station and is committing c.£1m to a high quality office fit out. • Exceptional connectivity with quick access to the District Line, • Passing rent of £377,784 per annum; equating to £49.50 per sq London Overground and National Rail services. ft. • Prime new build office comprising7,632 sq ft (709 sq m) over • Offers are sought in excess of£7,500,000 (Seven Million, ground and two upper floors. Five Hundred Thousand Pounds), reflecting an attractivenet initial yield of c. 4.75%, subject to standard purchaser’s costs. • Agreement for Lease to the undoubted covenant of The Secretary Alternatively, the property is held in an SPV which may be of State for Housing, Communities and Local Government available by separate negotiation. (National Probation Office) on a new FRI 15 year lease with a tenant break option at year 10. • Subject to Contract and exclusive of VAT. 25 KEW FOOT ROAD, RICHMOND-UPON-THAMES, TW9 2SS 04 Location Richmond is situated ten miles south west of Central London and With stunning Royal parks, historic houses, theatres, museums, Richmond is one of London’s is one of London’s most attractive and affluent boroughs. The galleries, town centre retail and leisure facilities, Richmond is River Thames runs through the borough, connecting Hampton recognised as one of the most attractive and affluent places to most attractive and affluent Court Palace, Richmond Town Centre and Kew Gardens with live and work in London: Central London. The town centre is a thriving commercial hub with boroughs superb office, retail and leisure amenities. 4.5 million tourists In 2019, for the fifth year visit Richmond each in a row, Richmond upon year Thames has been voted the happiest place to live in London by Rightmove Significantly above average proportion of adults of working age categorised within the most affluent social group (AB) House prices in Richmond currently stand 41% higher than the city’s average 25 KEW FOOT ROAD, RICHMOND-UPON-THAMES, TW9 2SS 05 Communications Richmond is strategically located between from the property. The District line connects Heathrow Airport and the M25, to the west, London from west to east and North London is and central London to the east, and as such accessible via the Overground line. Richmond benefits from exceptional communications as National Railway Station provides regular direct follows: access to Clapham Junction (10 minutes) and ROAD RAIL UNDERGROUND London Waterloo (19 minutes). Road The A307 runs through the town centre and Bus Miles Mins Mins delivers access to the M25, via the M3. Access The immediate area is also well provisioned by M4 3 Clapham Junction 8 Hammersmith 15 to the M3 is provided via the A316 (Twickenham numerous bus routes serving the immediate Road) to the north of the town centre. area. M3 6 London Waterloo 19 Earls Court 20 West End 8 Wimbledon 25 London Paddington 28 Rail Air Richmond London Underground (District & Heathrow International Airport, serving 203 M25 11 Vauxhall 28 London Victoria 29 London Overground train lines) and National destinations in 84 countries, is located only 11 Heathrow Airport 11 Heathrow Airport 35 Green Park 31 Railway Station is located just a short walk miles to the west. A COMMUNICATIONS HUB Willesden Junction / Hampstead Heath DISTRICT LINE NATIONAL RAIL ACTON CENTRAL J15 20 MINS PADDINGTON EDGWARE ROAD LONDON OVERGROUND 28 MINS 31 MINS M4 HEATHROW AIRPORT 35 MINS J1 EMBANKMENT SOUTH KENSINGTON SLOANE SQUARE VICTORIA WESTMINSTER (CHARING CROSS) BLACKFRIARS 23 MINS 28 MINS 29 MINS 33 MINS 35 MINS 38 MINS GUNNERSBURY EARLS COURT READING (CHISWICK PARK) Tower Hill / Docklands 20 MINS 60 MINS RICHMOND 6 MINS M25 FELTHAM 10 MINS J1 KINGSTON 17 MINS M3 WIMBLEDON CLAPHAM JUNCTION VAUXHALL WATERLOO 25 MINS 8 MINS 16 MINS 19 MINS J12 25 KEW FOOT ROAD, RICHMOND-UPON-THAMES, TW9 2SS 06 Situation The property is within a 3 minute walk of Richmond town centre. Situated on the eastern side of 25 Kew Foot Road, close to the junction with Rosedale Road and A316 (Twickenham Road), it is positioned in close proximity to leisure amenities, such as Kew Gardens and the River Thames, and retail and office occupiers including Waitrose, Lululemon, Leon, Itsu, Gap, Marks & Spencer, eBay, PayPal, Gumtree, William Grant & Sons and Reed Exhibitions. M4 / CHISWICK PUBS LEISURE / HOTELS 1 The Shaftesbury 20 Richmond Theatre 2 Tap Tavern 21 Royal Mid-Surrey Golf Club CENTRAL 3 The Orange Tree 22 Travelodge JOCELYN ROA LONDON A307 4 The Cricketers 23 The Bingham D EVELYN ROAD 21 25 Kew Foot Road T ROAD SHA O FTE O SB KEW ROAD F U 6 RY RESTAURANTS / CAFÉS OFFICE OCCUPIERS W 24 ROAD 7 A31 KE 5 The Ivy Cafe 24 Bandai Namco 1 LOWER MORTLAKE ROAD 6 No1 Duke Street 25 William Grant & Sons 7 Rock & Rose 26 Notonthehighstreet OLD DEER PARK 8 Leon 27 Regus 26 16 3 9 Joe & The Juice 28 Sabre Holdings OAD A3 M R HA 10 Pret a Manger 29 Reed Exhibitions EN 25 28 K D 27 IC A 7 11 One Kew Road 30 eBay W 0 C T 3 HURCH A 11 T HOT RO PORTLAND TERR S N A 29 RICHMOND R R D OA A A D CE U PARK MAJOR RETAILERS Q 20 D 05 E A A3 RO RICHMOND H EN T HE 12 Whole Foods Market 19 S GREEN 2 16 KINGS 6 18 13 Zara Home M3/M25/ EEN 14 R SHEEN ROAD G HEATHROW 13 R 9 I THE 12 O 14 Jigsaw A R B D 10 8 M A STREET 15 Anthropologie H 4 15 GE N E R K C GEO I 17 C 16 Waitrose TW 07 M H A3 O URC U 22 N 17 Aesop T PARADISE ROAD O A H NS R A R RIVER THAMES LO R O 18 Lululemon HILL ST A W ROAD T A R 5 O D A D 19 Sweaty Betty 30 23 RICHMOND BRI 25 KEW FOOT ROAD, RICHMOND-UPON-THAMES, TW9 2SS 07 Description Occupying a prime position in the heart of South West London, 25 Kew Food Road will comprise 7,632 sq ft of office accommodation over ground and two upper floors. The building will benefit from the following specification: HIGH QUALITY OPEN SECURE 400 KG CAPACITY WC’S ON SHOWERS ON-SITE TARGET BREEAM PLAN FLOOR PLATES CAR PARKING SPACES PASSENGER LIFT EACH FLOOR CYCLE STORAGE ‘EXCELLENT’ Computer generated image Computer generated image 25 KEW FOOT ROAD, RICHMOND-UPON-THAMES, TW9 2SS 08 Accommodation The Site The site extends to 0.17 acres (0.068 hectares). Ground floor - 3,578 sq ft (332.4 sq m) Not to Scale. For identification purposes only. Second floor - 1,462 sq ft (135.8 sq m) First floor - 2,592 sq ft (240.8 sq m) Total - 7,632 sq ft (709.2 sq m) 25 KEW FOOT ROAD, RICHMOND-UPON-THAMES, TW9 2SS 09 Tenancy The property will be let for a term NATIONAL PROBATION SERVICE of 15 years to the Secretary of The National Probation Service is a statutory criminal justice service that manages low and medium risk offenders State for Housing, Communities who have been released in to the community. Each year they work with around 30,000 offenders, supporting their rehabilitation while protecting the public. The National Probation Service functions within 12 geographic divisions and Local Goverment at a rent of within Greater London helping 9 prisons across London. 25 Kew Road sits in the Hounslow, Kingston and Richmond £377,784 per annum. division and will amalgamate 2 offices into one as the service consolidates. This equates to a rent of £49.50 psf. The lease is The property will deliver state of the art administrative and community based functions including court pre- subject to a tenant only option to determine in sentence report preparation, management of approved premises for offenders and assessment of offenders in year 10. The lease incorporates upwards only five prison to prepare them for release to the community on license. yearly reviews, subject to Open Market Value. 25 KEW FOOT ROAD, RICHMOND-UPON-THAMES, TW9 2SS Computer generated image 10 Occupational Market Richmond has experienced over Richmond is a key south-west London office market with notable tenants including the UK HQs of eBay, that has experienced over 25% rental growth over the Paypal, Gumtree and William Grant & Sons. Subsequently, 25% rental growth over the past past five years. Recently, tenants have become far less with demand outstripping supply, rents have grown and location specific provided an area suits their demands in prime rents now sit comfortably in the £50’s per sq ft. five years terms of amenity, transport communications and ability This is still an attractive discount to nearby Chiswick and to attract and retain talent.