The Triangle Site - Woking

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

The Triangle site offers a rare opportunity to acquire a strategic town centre land parcel, with planning potential for a high-density, residential-led mixed-use scheme. The site is mostly under ownership of WBC and plans to use it CPO powers to purchase the rest upon successful planning consent. 

The site is bounded by Victoria Road to the north, Guildford Road to the west and Station approach to the east as shown in the plan below. The 0.465-hectare (1.15 acre) Triangle site is predominately owned by Woking Borough Council and is over 80% cleared. The plan below shows Woking Borough Council’s ownership in red. The site has previously been earmarked by Woking Borough Council for delivery of new housing and to facilitate the widening of the Victoria Way Arch bridge. Plans for the widening of the bridge have been scrapped subsequently. 

• Development Potential: Allocated by Woking Borough Council for residential-led regeneration, previous feasibility studies demonstrate the potential for a high-density mixed-use scheme comprising in excess of 150 apartments with ground floor commercial uses.

• Planning: The site is allocated as an Opportunity for Residential Development Area (HIF7) within the Woking Town Centre Masterplan and sits within the Victoria Way South Character Area, where policy supports increased density, enhanced townscape quality and affordable housing provision. Located within an area identified as suitable for taller buildings, the site benefits from a strong planning context for intensified development, with scope to optimise building heights subject to planning.

• Surroundings: The adjoining locally listed Police Station contributes to the character of the area and will form an important consideration in the design and evolution of future development proposals.

• Location: The site forms part of a wider regeneration area and is surrounded by a mix of contemporary high-rise developments and established residential neighbourhoods, creating an opportunity for a landmark scheme within an evolving town centre setting.

• Transport: Less than 200 metres from Woking railway station, providing direct services to London Waterloo in approximately 25 minutes. The site occupies a highly accessible position on a key route into Woking town centre and benefits from immediate access to retail, leisure and employment amenities.

Availability

• Price: Guide price - POA, looking for offers on both a STP or Unconditional basis.