inside index.cshtml
inside headerSlick.cshtml

image  Goldsworth Road, Woking, GU21

image ££1,150,000

Floor area:
4,640 sq. ft. (431 sq. m.)
image For Sale (Leasehold)

Property Description

** NEW ** Investment For Sale

Investment Profile
The investment is located on the ground floor of a recently-constructed building located on Goldsworth Road, near central Woking and 0.5 miles from Woking Station. It benefits from being well-connected and having five car parking spaces.

The investment is let to Multi-Tile Ltd, trading as Topps Tiles, at a rent of £72,500 per annum exclusive, based on a 15 year effective FRI lease from 21 August 2015. The lease is contracted inside the Landlord & Tenant Act 1954 with 5 yearly upward-only rent reviews based on RPI and capped and collared at 1% and 4%.

Floor Area
Ground - Approx. 4,640 sq. ft. / 431 sq. m.
Tenant Profile
Topps Tiles is the UK?s leading tiling retailer with 373 shops nationwide. Pre-tax profits were £9,142,000 in 2016 and Experian rates Multi-Tiles Ltd as 'very low risk' with a score of 96/100.

The ground floor is held on a long leasehold agreement for a term of 999 years from 25 December 2013. 

Offers in excess of £1,150,000 for the long leasehold interest, which reflects a net initial yield of 5.91% based on purchasing costs at 6.75%. A rent review is due in August 2020, which will provide good rental growth and an enhanced reversionary yield.

Additional documents

Arrange a viewing

Use this form to request specific information about this property or to arrange a viewing

Sorry, there are some issues with this part of the form.

Are you sure you want to delete your account?
You have indicated you do not agree to our terms of use, do you wish to delete your account?
Why not sign up?

You will also be registered for the agent to contact you via other means you provide, with information relevant to your property search.

There was an error creating your account, please try again. If the problem persists, please contact us and we will investigate.
Password does not match

How would you like to be contacted?