Summary
Mixed use income producing investment
The property is situated fronting the southern side of the main thoroughfare in the centre of the Woking conurbation of Knaphill which is positioned approximately 3 miles to the west of Woking town centre. It benefits from being in close proximity to the national motorway network with the Junction 3 of the M3 to the north approximately 4.5 miles distant and the A3 to the south approximately 6 miles distant. Woking main line station offers a fast and frequent service to London Waterloo.
Freehold subject to existing occupational leasehold interests and Assured Shorthold Tenancies, the details we have been provided with as follows:-
Ground Floor
12 High Street - Select Carpets - 5 year term until 15/07.2023 - Rent £15,250 per annum
14 High Street - Cafe 68 - 5 year term until 16/03/2023 - Rent £18,750 per annum
16-18 High Street - Woking & ~Sam Beare Hospices - 5 year term until 30/06/2024 - Rent £35,000 per annum
First Floor
14A High Street - Lycetts - 5 year term until 24/01/2019. Agreement for an extension until 23/01/2021 - Rent £17,760 per annum
16A High Street - Vacant
18A High Street - Assured Shorthold Tenancy expiring 31/03/2021 - Rent £775.00 per month
Legal Costs/VAT
Each party to be responsible for the payment of their own legal fees incurred in the transaction. The property is not elected for VAT.
Prominent location Knaphill High Street
Redevelopment potential for the offices subject to planning
Gross income £96,060 per annum