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    Key features

    • To be offered on Wednesday 16 September
    • Virtual Freehold Interest (999-Year Lease)
    • High-Yielding Mixed-Use Investment
    • Comprises a Fully Fitted Gym Unit15-Year Lease Expiring in April 2041
    • Gym Fitted Out to a High Specification
    • 9 Residential Flats (8 x One-Bedroom and 1 x Two-Bedroom)
    • Vacant Commercial Unit with Planning Permission Granted for Residential Conversion
    • 6 Car Parking Spaces
    • Situated Within the Woking Regeneration Area
    • Investment let at at £218,600 (8.4% GIY) on guide price + one vacant commercial unit

    Description

    The property comprises a two-storey commercial premises extending to approximately 5,500 sq ft. The accommodation has been fitted out to a high specification and is currently occupied and operated as a gym.

    In addition, the property includes nine residential flats (comprising eight one-bedroom units and one two-bedroom unit), together with a vacant unit that benefits from planning permission for conversion into an additional flat.In addition there are 6 car parking spces

    The surrounding area has undergone significant regeneration, particularly around Woking Station, with a number of large-scale, residential-led developments either completed or currently under construction in the immediate vicinity of the property.Woking town centre is located nearby and benefits from a strong range of occupiers, including Gail's, Marks & Spencer and Côte, as well as the Victoria Place Shopping Centre.

    Additional information

    Tenure

    Virtual Freehold. 999 Years from 2007

    Accommodation

    Unit 12 Centrium

    Ground and 1st Floor - 5,500 sq ft ( 510 sqm)


    8 X One Bedroom Flats

    1 X Two Bedroom Flat

    Tenancy

    Please refer to Tenancy Schedule

    Rent

    £218,600

    Notes

    NOTICE – RENTERS' RIGHTS ACT 2025. Please take note if you wish to bid on a property with a tenancy. This Act is in force from 1 May 2026. From that date, all assured tenancies in the private rented sector will become rolling (“periodic”) tenancies and the current system of fixed term assured shorthold tenancies will no longer apply. Tenancies signed on or after 1 May 2026 will be subject to the new rules. If you are purchasing a property currently let on an assured shorthold tenancy, the tenancy may no longer operate as described in the tenancy schedule or legal pack if completion falls on or after 1 May 2026. Other changes under the Act also apply. This notice is for your information only and you should take legal advice before bidding and review Government Guidance available at: www.gov.uk/government/publications/guide-to-the renters-rights-act Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack. Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      The area is undergone large scale regeneration around Woking Station with multiple residential led developments under construction or completed within direct vicinity of the property.The high street which is close by has the following occupiers Gail's, M&S, Cote as well as the Victoria Place Shopping Centre

      Transport

      Woking Station- 0.1 Miles

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums