Property Description
Self-contained office investment in Woking town centre, arranged mainly over ground floor with a small mezzanine, forming part of a modern mixed-use development. The accommodation provides open-plan offices, meeting/private office space, reception-style frontage, kitchen/breakout area and ancillary accommodation, with prominent glazed frontage onto a pedestrian courtyard.
The property is let to Catalyst Support Limited on a 15-year underlease from 11 November 2024 at £72,000 per annum, with 5-yearly open market rent reviews, an 8th year tenant break and 10th year mutual break, each subject to 9 months’ notice. The letting includes 4 parking spaces. The lease is transacted outside of the Landlord & Tenant Act 1954. * EPC Rating B.
Specification and floor areas
| Floor | sq.ft | sq.m |
|---|
| Offices | 2,658 sq.ft | 247 sq.m |
| Total |
2,658 sq.ft |
247 sq.m |
Agent's Disclaimer
Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T)
Misrepresentation Act 1967 - Whilst all the information in these particulars is believed to be correct, neither the
agents nor their clients guarantee its accuracy, nor is it intended to form part of any contract. All areas quoted
are approximate. Finance Act 1989 - Unless otherwise stated, all prices and rents are quoted exclusive of Value
Added Tax (V.A.T). Any intending purchasers or lessees must satisfy themselves independently as to the
incidence of V.A.T. in respect of any transaction. In order to promote constructive and collaborative
negotiations when agreeing Heads of Terms, Curchod and Co confirm they follow the mandatory and best
practice requirements stated within the RICS Professional Statement (1st Edition) Code for Leasing Business
Premises 2020. www.rics.org.
Quoting terms
Offers are sought in excess of £760,000 subject to contract.
The calculated net initial yield is 9%.
Please check with the agent full income details as this may not be accurate.
Tenant, covenant, lease and rental information:
Tenant Schedule
| Floor |
Rent |
Rent
psf |
Tenant |
Lease Dates |
| Entire Property | £72,000 | £27.09 | On application | Start:
End:
Break: |
Covenant Information:
On applicationThe long leasehold interest, being a 300 year lease from 17th December 2020, is available with offers from £760,000
Agent's Disclaimer
Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (V.A.T)
Misrepresentation Act 1967 - Whilst all the information in these particulars is believed to be correct, neither the
agents nor their clients guarantee its accuracy, nor is it intended to form part of any contract. All areas quoted
are approximate. Finance Act 1989 - Unless otherwise stated, all prices and rents are quoted exclusive of Value
Added Tax (V.A.T). Any intending purchasers or lessees must satisfy themselves independently as to the
incidence of V.A.T. in respect of any transaction. In order to promote constructive and collaborative
negotiations when agreeing Heads of Terms, Curchod and Co confirm they follow the mandatory and best
practice requirements stated within the RICS Professional Statement (1st Edition) Code for Leasing Business
Premises 2020. www.rics.org.
There are no plans available to view for this property. Contact the agent for further information.
Property Location
The unit sits in the Town Centre close 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 east (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.
Map
