Offers over
£1,270,000
(£207.14/sq. ft)
Property for sale36-42 Commercial Way, Woking GU21
6,131 sq. ft
Just added
Freehold
About this property
Prominent parade of three retail units in the heart of Woking town centre
Fully let to three tenants at a combined passing rent of £134,750 per annum exclusive
WAULT of approximately 9.3 years to expiries and 6.0 years to breaks
Price reflecting a net initial yield of 10%
Description
The property comprises a parade of three retail units. 36 and 38 Commercial Way each provide ground floor retail accommodation with ancillary space uppers. 40/42 Commercial Way occupies a prominent corner position with an extended double aspect frontage onto Commercial Way and Church Path, and is arranged over ground and two upper floors.
36 Commercial Way is let to Bourne Estate Agents Ltd on a lease for a term of 5 years from 25 March 2026, at a passing rent of £24,000 per annum exclusive.
38 Commercial Way is let to The Chancellors Group of Estate Agents on a lease from 30 November 2016, at a passing rent of £30,750 per annum exclusive.
40/42 Commercial Way is let to Iro Sushi Franchisor Ltd on a lease for a term of 15 years from 18 September 2025 at a passing rent of £80,000 per annum exclusive.
The combined passing rent is £134,750 per annum exclusive. Each lease is outside of the security of tenure provisions of the Landlord & Tenant Act 1954. A full tenancy schedule is available upon request.
Location
Woking is an affluent and well connected commuter town in north west Surrey, approximately 23 miles south west of Central London, 6 miles north of Guildford and 3 miles south of the A3/M25 (Junction 10). The town benefits from a mainline railway station with fast and frequent services to London Waterloo with a journey time of approximately 24 minutes.
Commercial Way is the principal retail thoroughfare in the town centre, linking the railway station with the Victoria Place and Peacocks shopping centres. Nearby occupiers include Zizzi's, Kokoro, Gordan Ramsey Street Burger, and Marciano Lounge.
Terms
Offers are invited in excess of £1,270,000 for the freehold interest.
Anti Money Laundering
To comply with Anti Money Laundering regulations, Curchod & Co undertake id checks for all successful purchasers where legislation requires us to do so.
Legal Costs
Each party is to bear their own legal costs incurred in the transaction.
The property comprises a parade of three retail units. 36 and 38 Commercial Way each provide ground floor retail accommodation with ancillary space uppers. 40/42 Commercial Way occupies a prominent corner position with an extended double aspect frontage onto Commercial Way and Church Path, and is arranged over ground and two upper floors.
36 Commercial Way is let to Bourne Estate Agents Ltd on a lease for a term of 5 years from 25 March 2026, at a passing rent of £24,000 per annum exclusive.
38 Commercial Way is let to The Chancellors Group of Estate Agents on a lease from 30 November 2016, at a passing rent of £30,750 per annum exclusive.
40/42 Commercial Way is let to Iro Sushi Franchisor Ltd on a lease for a term of 15 years from 18 September 2025 at a passing rent of £80,000 per annum exclusive.
The combined passing rent is £134,750 per annum exclusive. Each lease is outside of the security of tenure provisions of the Landlord & Tenant Act 1954. A full tenancy schedule is available upon request.
Location
Woking is an affluent and well connected commuter town in north west Surrey, approximately 23 miles south west of Central London, 6 miles north of Guildford and 3 miles south of the A3/M25 (Junction 10). The town benefits from a mainline railway station with fast and frequent services to London Waterloo with a journey time of approximately 24 minutes.
Commercial Way is the principal retail thoroughfare in the town centre, linking the railway station with the Victoria Place and Peacocks shopping centres. Nearby occupiers include Zizzi's, Kokoro, Gordan Ramsey Street Burger, and Marciano Lounge.
Terms
Offers are invited in excess of £1,270,000 for the freehold interest.
Anti Money Laundering
To comply with Anti Money Laundering regulations, Curchod & Co undertake id checks for all successful purchasers where legislation requires us to do so.
Legal Costs
Each party is to bear their own legal costs incurred in the transaction.
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