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 option to tax has not yet been revoked, please see the letter received from HM Revenue & Customs dated 27 November 2017 and UK Power Networks response dated 5 December 2017, we are currently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

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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