£2,200,000
Retail premises for sale
Property photos
Freehold
Offers over
£2,200,000
(£133.41/sq. ft)
Retail premises for sale
Morris House, 34 Commercial Way, Woking GU2116,491 sq. ft
Local area information
Property location
Nearby amenities
- Woking 0.1 miles
- The Park School (SEN) 0.3 miles
- Maybury Primary School 0.4 miles
- Worplesdon 2.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Woking to find out more about the local area.
Features and description
- Freehold
- Fully income producing asset extending to approximately 16,491 sq ft NIA
- Current gross income of £234,200 per annum
- Reversionary income potential to approximately £259,200 per annum
- Giy based on a purchase price of £2.2m is 10.65%
- Diverse tenant line-up including leisure, retail and professional office occupiers
- Substantial refurbishment undertaken in 2016 including façade, flat roof and window replacement
- Excellent connectivity with Woking Station within walking distance providing direct access to London Waterloo in approximately 24 minutes
Description
Morris House is a prominently positioned mixed-use investment comprising ground floor retail and leisure accommodation together with office suites across the upper floors.
The property extends to approximately 16,491 sq ft NIA and is arranged as multiple income-producing units let to a range of established occupiers including Done Brothers (Betfred), Seymours, kgw Family Law, Curchod & Co and sma Health & Fitness.
The building underwent a substantial refurbishment programme in 2016, including replacement glazing and façade improvements, and internally provides modern office accommodation with comfort cooling, raised floors and passenger lift access.
The property is fully income producing and currently generates a gross rental income of £234,200 per annum with further reversionary potential through fixed rental uplifts.
Location
Morris House occupies a prominent position on Commercial Way in Woking town centre, within a short walk of Woking Mainline Railway Station, which provides a direct and frequent service to London Waterloo in approximately 24 minutes. The property benefits from immediate access to the town’s retail, leisure and restaurant amenities, including Victoria Place shopping centre, as well as excellent road connectivity via the A3, M25 and wider motorway network.
Woking is an established Surrey commuter town approximately 25 miles south west of Central London and continues to benefit from significant residential and commercial regeneration.
Business Rates And EPC
Available on request
Morris House is a prominently positioned mixed-use investment comprising ground floor retail and leisure accommodation together with office suites across the upper floors.
The property extends to approximately 16,491 sq ft NIA and is arranged as multiple income-producing units let to a range of established occupiers including Done Brothers (Betfred), Seymours, kgw Family Law, Curchod & Co and sma Health & Fitness.
The building underwent a substantial refurbishment programme in 2016, including replacement glazing and façade improvements, and internally provides modern office accommodation with comfort cooling, raised floors and passenger lift access.
The property is fully income producing and currently generates a gross rental income of £234,200 per annum with further reversionary potential through fixed rental uplifts.
Location
Morris House occupies a prominent position on Commercial Way in Woking town centre, within a short walk of Woking Mainline Railway Station, which provides a direct and frequent service to London Waterloo in approximately 24 minutes. The property benefits from immediate access to the town’s retail, leisure and restaurant amenities, including Victoria Place shopping centre, as well as excellent road connectivity via the A3, M25 and wider motorway network.
Woking is an established Surrey commuter town approximately 25 miles south west of Central London and continues to benefit from significant residential and commercial regeneration.
Business Rates And EPC
Available on request
More information
Listed by
Owen Isherwood
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Owen Isherwood. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Owen Isherwood for full details and further information.