12 Commercial Way, Woking
- Floor Area: 931 sq ft
Price: Offers in Excess of £520,000
- Business Rates Payable: £9,550 per annum
Key Points
- Prominent town centre position
- Close proximity to M&S, Boots and Gails
- Ground floor let at £30,000 per annum exclusive
- Flat 12a sold with vacant possession
Property Summary
Town Centre Mixed Use Investment
Description
The property comprises a ground floor lock-up Class E retail unit trading as Humphrey Bears Bakery, let on an effective full repairing and insuring lease for a term of ten years from November 2025 at a passing rent of £30,000 per annum. The lease provides for a fifth-year open market rent review and tenant break option. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.
The first floor flat, known as 12a, comprises a one-bedroom flat and is to be sold with vacant possession. The block contains a further five long leasehold flats, each held on 125-year leases from 2006, subject to a ground rent of £75 per annum, doubling on every 25th anniversary of the lease.
The property fronts Commercial Way, the town centre’s pedestrianised retail pitch. Nearby occupiers include Boots, Gail’s, Marks & Spencer and Lark.
Location
The unit sits close to the entrance to Victoria Place shopping centre. This scheme offers a broad mix of national retailers and amenities just 2–3 minutes’ walk away.
The town is well served by public transport, with bus stops a few hundred yards from the property and Woking mainline station approximately 0.2 miles to the south (a few minutes’ walk), providing direct services to London Waterloo with journey times from 24 minutes. Numerous multi-storey and pay-and-display car parks are also within easy walking distance.
Viewings
Strictly via appointment with the sole agents Curchod & Co.
Terms
The freehold is available for offers in excess of £520,000.
Anti Money Laundering
To comply with Anti Money Laundering regulations, Curchod & Co undertake ID checks for all successful purchasers and tenants where legislation requires us to do so.
Legal Costs/VAT
Each side to be responsible for the payment of their own legal costs incurred in the sale.
Prices are quoted exclusive of VAT which may be charged.
Available Area
| Name/Floor | SQ FT | SQ M |
|---|---|---|
| Ground | 931 | 86.49 |
