63-75 Commercial Way, Woking, GU21 6HN 7 Retail Properties Offered at $2,745,781 in Woking

This freehold retail parade in the heart of Woking town center presents a rare opportunity to acquire a multi-let investment asset with strong income potential. Comprising seven retail units totaling 9,449 sq ft and arranged over ground and upper floors, the property benefits from high visibility along a pedestrianized pitch close to The Peacocks and Victoria Place shopping centers. Current occupiers include well-known brands such as Caffè Nero and Ihlara, alongside established independents, supporting a diverse tenant mix.
The asset produces a current passing rent of £196,000 per annum, with one unit under offer and a reversionary potential income of approximately £229,000 per annum. Opportunities exist to capture further rental growth through active asset management, with upcoming lease events at several units. The guide price of £2,050,000 represents an attractive net initial yield of 9.00%, reverting to 10.50% on completion of lettings. The property also benefits from rear access for servicing and car parking. Woking offers excellent connectivity, being just 23 miles southwest of London and 6 miles from Guildford, with direct rail services to London Waterloo in approximately 24 minutes.