Building P, The Old Pumping Station, Pump Alley, Brentford, TW8 0AP

Summary

Building P forms part of a unique mixed use development which has an architectural style to match the remainder of the Victorian development known as the Old Pumping Station

The Victorian buildings on site  retain many of the key period features, which are sensitively incorporated with later architecture.  The property is in a conservation area however, it may appeal to potential developers who may seek to convert to residential subject to any necessary consents.

Tenancy

The property is available either with or without the current lease in place. Building P is currently let to Teapigs Limited, on an  effective full repairing and insuring lease for a term expiring May 2026 at an exclusive rental of £35,288, which was subject to a rent review in line with RPI criteria in May 2021, which we believe will now produce £36,346.64 pax.

Teapigs Limited have a credit safe rating B with a credit limit of £450,000 and a contract limit of £1,700,000. Teapigs are guaranteed by Tata Global Beverages GB limited.

Teapigs have indicated that they intend to relocate from the premises and would be willing to agree a surrender of their lease subject to terms and contract

The lease in contracted outside of the 1954 Landlord and Tenant Act.

Further Information

The freehold land surrounding the property is available to purchase for a guide price of £160,000 + VAT. The land is generating an income of £8,460 pax from car parking and a motorbike space.

Separate details are available from the agents.

Key Points

• Wood effect flooring
• Spot, strip and wall lighting
• 2x single entrance doors
• Air conditioning (untested)
• Inbuilt cabling and power sockets (untested)
• Kitchen + inbuilt appliances (untested)
• 2 WCs

Location

The property is located within a development known as The Old Pumping Station, in central Brentford, just off the High Street, being a short walk from local amenities and transport facilities of the town centre.

Brentford Rail Station offers a regular and fast service into Central London, whilst there are also several bus routes passing along the High Street.

The nearby A4 and M4 provide good road links to Central London and Heathrow Airport (both circa 8 miles distant), as well as the M25 and wider motorway network.

Terms

The property is available for sale upon a new 999-year lease at a peppercorn rental if demanded.