- Woking is an affluent town in the South East, with excellent connectivity to Central London and the south east, including direct access to the M25 and A3.
- Prominently positioned in the Sheerwater Industrial Area, Woking’s principal industrial and trade counter location.
- Large site of 1.7 acres, reflecting a low site coverage of 19%.
- Modern purpose-built trade counter unit extending to 14,101 sq ft.
- Freehold.
- The tenant undertook a comprehensive refurbishment of the property in 2025,investing close to £1 million in capital expenditure.
- Let to Jewson Limited, a leading UK builders’ merchant expiring on the 15th June 2030 providing 4.1 years unexpired.
- Passing rent of £228,836 per annum reflecting a low rent of £16.23 per sq ft.
- Highly reversionary, with prime rents in Woking now in the early £20s per sq ft, and additional potential to generate income through renting the surplus yard.
Offers are invited in excess of £4,300,000 subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 5.00% and a Reversionary Yield of 9.50%+, after allowing form purchaser’s costs of 6.56%. This reflects a capitalvalue figure of £305 per sq ft.
