Owen Isherwood, Guildford

Morris House, 34 Commercial Way, Woking, GU21 6EN

Offer in excess of

£2,200,000

Under offer

Size

16,491

Tenure

Freehold

EPC

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Parking

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Primary use
High street retail
Other use(s)
Other, Traditional office
Frontage
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No floor / site plan

Key features

  • Fully income producing asset extending to approximately 16,491 sq ft NIA
  • Current gross income of £234,200 per annum
  • Reversionary income potential to approximately £259,200 per annum
  • GIY based on a purchase price of £2.2m is 10.65%
  • Diverse tenant line-up including leisure, retail and professional office occupiers
  • Substantial refurbishment undertaken in 2016 including façade, flat roof and window replacement
  • Excellent connectivity with Woking Station within walking distance providing direct access to London Waterloo in approximately 24 minutes

Description

Morris House is a prominently positioned mixed-use investment comprising ground floor retail and leisure accommodation together with office suites across the upper floors.

The property extends to approximately 16,491 sq ft NIA and is arranged as multiple income-producing units let to a range of established occupiers including Done Brothers (Betfred), Seymours, KGW Family Law, Curchod & Co and SMA Health & Fitness.

The building underwent a substantial refurbishment programme in 2016, including replacement glazing and façade improvements, and internally provides modern office accommodation with comfort cooling, raised floors and passenger lift access.

The property is fully income producing and currently generates a gross rental income of £234,200 per annum with further reversionary potential through fixed rental uplifts.

Morris House occupies a prominent position on Commercial Way in Woking town centre, within a short walk of Woking Mainline Railway Station, which provides a direct and frequent service to London Waterloo in approximately 24 minutes. The property benefits from immediate access to the town’s retail, leisure and restaurant amenities, including Victoria Place shopping centre, as well as excellent road connectivity via the A3, M25 and wider motorway network.

Woking is an established Surrey commuter town approximately 25 miles south west of Central London and continues to benefit from significant residential and commercial regeneration.

Available on request
Owen Isherwood, Guildford

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Environmental data
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Brochure

Morris House, 34 Commercial Way, Woking, GU21 6EN

NEAREST STATIONS

National Rail

Woking Station

0.09 miles

National Rail

Worplesdon Station

2.35 miles

National Rail

West Byfleet Station

2.68 miles

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Disclaimer - Property reference 371828-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Owen Isherwood, Guildford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.