TEDDINGTON 020 8977 1166
TWICKENHAM 020 8892 1313
WHITTON 020 8894 2855
COMMERCIAL 020 8977 5817
LETTINGS 020 8977 1066

Milstone Residential
  • Stanley Road
  • Stanley Road
  • Stanley Road

Stanley Road, Teddington
£2,000,000

TEDDINGTON LODGE, TEDDINGTON, MIDDLESEX TW11 8TX   GOING-CONCERN BUSINESS FOR SALE. SUCCESSFUL SHORT-LET APARTMENT HOTEL (OVERNIGHT TO 6 MONTHLY OCCUPATION). 10 SELF-CATERING STUDIOS EXTENDING TO SOME 368M2 FINISHED TO EXACTING STANDARDS AND CONVEYED WITH PARKING. CENTRAL TEDDINGTON LOCATION WITH MANY REPEAT BOOKINGS. INTERNAL INSPECTION HIGHLY RECOMMENDED.

Property Details

Located in central Teddington a short stroll from the town centre where an array of bars, restaurants, cafés and supporting retail parades are to be found in this thriving and desirable riverside town.  Teddington mainline station is nearby (London Waterloo) as well as local buses to Kingston and Richmond town centres. By car the A316 is a short drive which in turn leads to the M3/ M25 and city centre.

 

This freehold investment property is used as a premium short-stay apartment hotel providing self-contained accommodation and consists of 10 self-catering studio apartments over three floors with forecourt providing 4 parking spaces. Recently-refurbished throughout, the hotel has been finished to exacting high-standards including Villeroy and Boch bathroom fixtures and fittings throughout, Satellite TV/Wi-fi access, Hypnos beds as standard, kitchen facilities to include induction hob, fridge, microwave and all cutlery and crockery plus many additional delightful touches, therefore internal viewing is highly recommended to see the extent and quality of the facilities. There is a private office off the reception hall and service rooms on each floor providing janitor stores, laundry and dishwasher facilities.   

 

The hotel offers a very healthy turnover with the benefit of with very low running costs (circa 20%).  Accommodation ranges from a single night to six-monthly commitments and as such benefits from repeat booking from local employers, visiting sportspersons, contractors, insurance companies and events organisers. Accounts for the business are available to serious enquirers on receipt of a signed non-disclosure agreement. The property would suit owner-managers, experienced hoteliers as well as SIPP pension investors.  

 

ACCOMMODATION:         10 studio apartments, office and stores over 3957 sq. ft. Onsite parking.  

 

PRICE/TENURE:                   offers in excess of £2,000,000 plus VAT for the freehold to include fixtures, fittings and goodwill.  

 

Viewing strictly by appointment with the owner’s sole agents, Milestone Commercial 020 8977 5817. An EPC Is available for Inspection           The details in these particulars are meant as a guide only and do not constitute an offer or contract and any intended purchaser should satisfy themselves as to being correct. Statements contained herein are made in good faith but without responsibility by Milestone Commercial Agency Ltd. or our clients. All equipment remains untested and any interested party should arrange inspection prior to completion 

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66 Stanley Road, TW11 - £2,000,000

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