36-42 Commercial Way, Woking, GU21 6EN

Offer in excess of

£1,270,000

Size

6,131

Tenure

Freehold

EPC

Ask agent

Parking

Ask agent

Primary use
Other

No floor / site plan

Key features

  • 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. A full tenancy schedule is available upon request.

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.

Offers are invited in excess of £1,270,000 for the freehold interest.

To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers where legislation requires us to do so.

Each party is to bear their own legal costs incurred in the transaction.
Additional information
Service charge
Ask agent
Business rates
Ask agent
Use class
Ask agent
Listed building
Ask agent
Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

Ask agent

Environmental data
BREEAM rating
Ask agent
Environmental description
Ask agent
Read more about energy considerations for commercial property

Brochure

36-42 Commercial Way, Woking, GU21 6EN

NEAREST STATIONS

National Rail

Woking Station

0.1 miles

National Rail

Worplesdon Station

2.36 miles

National Rail

West Byfleet Station

2.66 miles

Your search history

You have no recent searches

Disclaimer - Property reference 384424-1. 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 Curchod & Co LLP, Woking. 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.