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 

Arrange a Viewing for
66 Stanley Road, TW11 - £2,000,000

Property Location

Fees

BEFORE YOU MOVE IN:

Set up fee - £400.00 (plus VAT) for up to two tenants

Referencing up to two tenants (identity, immigration and visa confirmation, financial credit checks, obtaining references from current or previous employers / landlords and any other relevant information to assess affordability) as well as contract negotiation (amending and agreeing terms) and arranging the tenancy and agreement

Additional Tenant Fee - £60.00 (inc VAT) per tenant

Processing the application, associated paperwork and referencing

Guarantor Fee - £60.00 (inc VAT) per guarantor (if required)

Covering credit referencing and preparing a Deed of Guarantee as part of the Tenancy Agreement

Permitted Occupier Fee - £25.00 (plus VAT) per permitted occupier

Explaining to any permitted occupier their rights and responsibilities towards the named tenant(s) and landlord as well as the provision of documentary guidance and assistance during the tenancy

Pet Deposit - Returnable additional Security

Deposit of two weeks rent. To cover the added risk of property damage. This will be protected with your security deposit in a Government-authorised scheme and may be returned at the end of the tenancy


DURING YOUR TENANCY:

Amendment Fee - £50.00 (plus VAT)

Contract negotiation, amending terms and updating your tenancy agreement during your tenancy

Renewal Fee (tenant’s share) - £50.00 (plus VAT)

Contract negotiation, amending and updating terms and arranging a further tenancy and agreement


ENDING YOUR TENANCY:

Check out Fee (tenant’s share) - dependant on size of property

Future Landlord Reference Fee - £0 (inc VAT) per reference request

Collating information and preparing a reference for a future landlord or letting agent

Unpaid Rent / Returned Payments - Interest at 8% above Bank of England Base Rate from date due


IF YOU HAVE ANY QUESTIONS ON OUR FEES, PLEASE ASK A MEMBER OF STAFF