£3,200,000
(£435.32/sq. ft)
Retail premises for saleWestfield Road, Woking GU22
8,040 sq. ft
Added on
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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 comprises seven self-contained flats arranged over the upper floors. We understand the units are currently occupied and configured as two-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 let to Co-operative Group Food Limited on a 15-year lease (without breaks) from 26th August 2021, with cpi-linked reviews at a current rent of £94,885 per annum (next review August 2031).
7 x upper flats producing total of £140,100 per annum.
Total Income: £234,985 per annum.
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