Development site Waldegrave Road, Teddington, Middlesex, TW11 8LA

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold for £860,000

Upon the instructions of

UK Power Networks
  • Freehold development opportunity
  • Vacant possession
  • Future residential / commercial development potential (subject to consents)
  • Site of about 0.19 acres (0.08 hectares)

Addendum

Development site Waldegrave Road, Teddington
Further to the letter dated 16 October 2017 addressed to the Land Registry and as disclosed in replies to CPSE Enquiries, the southern boundary of the Property is incorrect on the title plan of the Property. The Land Registry is currently rectifying the title plan. Please note that the plan provided in the brochure is correct.
Further to the letter dated 16 October 2017 addressed to the Land Registry and as disclosed in the replies to CPSE Enquiries, we believed the southern boundary of the property is incorrect on the title plan of the property. We wrote to the Land Registry and asked them to rectify the title plan. They have responded to us in a letter dated 01/12/2017 stating that there is no error in the plan and that the extent of the plan is correct. UK Power Networks will however be excluding from the sale part of the southern boundary of the Property highlighted on Plan 2 dated December 2017. The land being sold is correctly shown on the plan in the auction catalogue and on the auctioneer’s website. Plan 1 dated October 17 will be used as the transfer plan. Copies of all of this correspondence are in the legal pack.
Further to reply 29.1 of the CPSE 1 Enquiries please note the. option to tax has not yet been revoked, please see the letter received from HM Revenue & Customs dated 27 November 2017 and UK Power Networks response dated 5 December 2017, we are currently awaiting confirmation from HM Revenue.

Viewings

10.30-11.30 on Wednesday 6 December 2017

Details

Location

Summary: A development opportunity in a mainly residential area of Teddington.
Miles: Kingston-upon-Thames 3 miles, Hampton Court 2 miles, Twickenham 1.5 miles
Roads: A309, A313, M4
Rail: Teddington, Fulwell
Nearby Occupiers: Hampton Court, Travelodge, Pizza Express, Costa Coffee

Description

The property comprises a roughly rectangular shaped site of 0.19 acres (0.08 hectares), and includes several redundant one and two storey buildings.

The site is north of Teddington High Street and is located 200 metres from its junction with Waldegrave Road on the left hand side, between house number 21 and 25. The main site is opposite the library and can be accessed via a private driveway from Waldegrave Road.

The site offers potential for residential development, subject to obtaining the necessary consents.

Tenure

Freehold

Planning

For further enquiries contact London Borough of Richmond upon Thames (0845 6122660) www.richmond.gov.uk.

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Note

There will be a 6 week completion period. An area to the south of the site comprising existing sub station equipment is to be retained by South Eastern Power Networks and not part of the sale. Please refer to the legal pack.

Address Acres Hectares
Waldegrave Road 0.19 0.08
Please note that any plans or photographs used are to help locate the property and may not show the exact legal boundaries. Prospective purchasers are advised to refer to the title plan in the legal pack. The areas have been provided by the vendor.

Contact

Seller's solicitor

UK Power Networks

Pierfrancesca Maran

07875 117810

pierfrancesa.marancortelazzo@ukpowernetworks.co.uk

* Guide price

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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