127–137 Princess Road, Woking, Surrey

Development Opportunity - 127–137 Princess Road, Woking, Surrey GU22

127–137 Princess Road comprises an established mixed-use retail parade in a densely populated residential area of Woking. The freehold asset includes six ground floor retail units, five ancillary residential maisonettes, one council-retained maisonette and six lock-up garages, providing an attractive income-producing investment with significant asset management potential.

Currently generating a passing rent of approximately £74,100 per annum, the property presents opportunities for lease restructuring, rental growth, refurbishment and long-term repositioning. This is an opportunity suited to investors, developers and asset managers seeking a value-add asset with immediate income and future upside.

• Investment: Mixed-use investment comprising six retail units, ancillary residential accommodation and six lock-up garages.

• Income: Current passing rent of approximately £74,100 per annum.

• Location & Transport: Situated approximately one mile from Woking town centre and mainline railway station, providing direct services to London Waterloo. Excellent access to the A3, M25 and wider Surrey commuter network.

• Asset Management Potential: Opportunities include lease renewals, rental growth through active management, refurbishment of retail and residential accommodation, covenant improvement and enhancement of the rear service area.

• Occupational Status: Fully occupied, with a number of commercial occupiers currently holding over, presenting opportunities for lease regularisation and restructuring.

• Development Potential: Potential for future redevelopment, alternative uses or residential intensification, subject to obtaining the necessary planning consents.

• Garage & Service Area: Six lock-up garages and a sizeable rear service yard provide operational flexibility and potential for future enhancement.

Availability

Available immediately with offers invited for the freehold interest.

• Tenure: Freehold
• Price: Guide price - POA