Summary - GROUND FLOOR, 4, COMMERCIAL WAY GU21 6ET
1 bed 1 bath Retail Property (high street)
Income-producing freehold opposite major retailers and Woking station.
Freehold town-centre retail and offices over three floors
A compact, income-producing freehold on Woking’s pedestrianised retail pitch, offering immediate rental cashflow and a clear asset-management plan for an investor. The ground-floor Class E unit is let on an eFRI five-year lease with stepped rents from £29,000 to £32,000 through 2028. The first and second floors are separately let on a five-year eFRI lease (to June 2026) producing £24,588 p.a., giving a combined passing income of £53,588 and a quoted NIY of 9.38% at the asking price.
The property’s town-centre location delivers strong footfall and exceptional transport links, with Woking station minutes away and major retailers (M&S, Boots, Gail’s) adjacent. The building is a standard mid-20th-century three-storey unit with full-height glazed frontage, separate upper-floor access and modern office fit-out — suitable for continued retail/office use with limited immediate redevelopment potential without consent.
Buyers should note practical negatives: the upper-floor lease expires in June 2026 and both leases are contracted out of 1954 Act security of tenure provisions. The site has a small plot and no external amenity. Crime levels in the local area are recorded as very high, which may affect certain occupiers or insurance costs. VAT may be chargeable and each party is responsible for their own legal costs; anti-money-laundering identity checks will be required for a successful purchaser.
Overall, this is a straightforward town-centre investment for an investor seeking hands-off rental income, close proximity to national retailers and a compact freehold footprint that can be managed actively or held as a steady income asset.
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