For Sale
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 is currently arranged to provide 7 x 2-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 Retail – Let to Co-operative Group Food Limited on a 15-year FRI lease from 26th August 2021 (without breaks) at a current rent of £83,000 per annum. The lease benefits from CPI-linked rent reviews in 2026 and 2031, subject to a collar and cap of 1% and 3% respectively. Based on the latest CPI data, we estimate the August 2026 rent review will provide an uplift to £94,813 per annum.
Residential Accommodation – The seven upper floor flats are all let on AST agreements via Foxtons Estate Agents, producing a combined rental income of £133,800 per annum. Copies of all tenancy agreements are available upon request.
Projected Total Income from August 2026: £228,613 per annum.
The property occupies a prominent corner plot on Westfield Road, within an established and affluent residential catchment. David Lloyd Leisure Centre & Woking FC Stadium lie approx. 0.6 km north.
The property is situated 1.8 km south of central Woking, offering an extensive mix of shops, restaurants and leisure amenities. Woking Rail Station is one of the busiest commuter hubs in Surrey, providing fast and frequent services to London Waterloo in as little as 24 minutes.
8,040 sq ft (746.94 sq m)
Guide Price: £3,500,000 (Three Million Five Hundred Thousand Pounds) for the freehold interest.
