£3,500,000
(£435.32/sq. ft)
Retail premises for saleWestfield Road, Woking GU22
8,040 sq. ft
About this property
The property comprises a mixed-use investment occupying a prominent corner position. Originally constructed in the 1930s and comprehensively repurposed in 2021, the building now provides a modern Co-op convenience store at ground floor level together with seven self-contained residential apartments arranged over the upper floors.
The residential accommodation is currently arranged to provide 7 x 2-bedroom flats, all finished to a modern specification and benefitting from allocated parking. The property retains attractive period character and provides a secure, diversified income stream.
Ground Floor Retail – Let to Co-operative Group Food Limited on a 15-year Fri lease from 26th August 2021 (without breaks) at a current rent of £83,000 per annum. The lease benefits from cpi-linked rent reviews in 2026 and 2031, subject to a collar and cap of 1% and 3% respectively. Based on the latest cpi data, we estimate the August 2026 rent review will provide an uplift to £94,813 per annum.
Residential Accommodation – The seven upper floor flats are all let on AST agreements via Foxtons Estate Agents, producing a combined rental income of £133,800 per annum. Copies of all tenancy agreements are available upon request.
Projected Total Income from August 2026: £228,613 per annum.
The residential accommodation is currently arranged to provide 7 x 2-bedroom flats, all finished to a modern specification and benefitting from allocated parking. The property retains attractive period character and provides a secure, diversified income stream.
Ground Floor Retail – Let to Co-operative Group Food Limited on a 15-year Fri lease from 26th August 2021 (without breaks) at a current rent of £83,000 per annum. The lease benefits from cpi-linked rent reviews in 2026 and 2031, subject to a collar and cap of 1% and 3% respectively. Based on the latest cpi data, we estimate the August 2026 rent review will provide an uplift to £94,813 per annum.
Residential Accommodation – The seven upper floor flats are all let on AST agreements via Foxtons Estate Agents, producing a combined rental income of £133,800 per annum. Copies of all tenancy agreements are available upon request.
Projected Total Income from August 2026: £228,613 per annum.
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