Description

On instruction of Beyleigh Estates Ltd, we are pleased to offer for sale this rarely available mixed-use investment and development opportunity. The existing property comprises two ground floor retail units and approximately 6,165sq.ft of B1a office space on the upper four floors.  The property is currently producing an annual income of approximately £125,875 and benefits from planning permission to convert the office space into eleven residential units, 5 x 1 bedroom and 6 x 2 bedroom apartments.

Location

Originally a village, Woking is now a thriving commuter town with excellent links to London. The main shopping centre, the Peacock, has all the big name high street names and the regenerated town square has a cosmopolitan ‘cafe culture’ feel. The property itself is in close proximity to Woking Mainline Station and the lively town centre, with its numerous bars and restaurants. The excellent primary and secondary schools in Woking, in addition to Woking College, add to the popularity of the area.

Transport

The property is located within 200m of Woking Mainline Train Station in one of Surrey’s most well connected towns and is positioned only 28 miles South West of Central London. Woking Mainline offers a fast and frequent service to London Waterloo with approximately 8 trains per hour with journey times as short as 25 minutes.

By road you are within close proximity to Junction 3 of the M3 and Junction 11 of the M25. The station also offers regular service links by coach to London Heathrow Airport.

Planning

Prior approval has been granted under planning reference PLAN/2013/0958 for the conversion from offices B1a to residential C3 comprising of 11 units 5 x 1 bedroom and 6 x 2 bedroom apartments. All further enquiries should be directed to Woking Council Planning Department 01483 755855

The property may also offer asset management opportunities of further planning potential, subject to gaining the necessary consent.

Tenure

The property will be sold freehold and subject to the existing tenancies remaining in-situ.

VAT

The property is to be sold with the existing tenancy and as such as a going concern, which is not subject to VAT.

Terms

Unconditional offers are invited in excess of £1,500,000 and it is likely that a closing date for offers will be set in due course, unless the property is sold prior.

Additional information

Copies of the existing and proposed floor plans and lease documents are available upon request.

Viewings

To be arranged by sole agents Highfield Investments.