43 Church St W | Woking GU21 6HT
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43 Church St W
Woking GU21 6HT
Forge · Office Property For Sale
Investment Highlights
- Architecturally outstanding design and hotel-style offering
- Multi-let to five tenants including Nomad Foods Europe, Europe’s leading frozen food manufacturer, as well as BOC and Verint Systems
- Flexible floor plates, extensive communal workspace and new M&E throughout
Executive Summary
Newly redeveloped office via a £13.5 million back-to-shell refurbishment, strategically located in Woking Town Centre within 5 minutes’ walk of the station and adjacent to the £700 million Victoria Square development. 77,601 sq ft “smart building” which is 100% electrified, decarbonised and boasts excellent ESG credentials. Architecturally outstanding design and hotel-style offering. Flexible floor plates, extensive communal workspace and new M&E throughout.
Multi-let to five tenants including Nomad Foods Europe, Europe’s leading frozen food manufacturer, as well as BOC and Verint Systems. WAULT of 9.5 years to expiries and 2.9 years to breaks. High-capex occupier fit outs throughout. Total rent of £2,644,299 per annum / £36.02 per sq ft on the CAT A space (£43.56 per sq ft achieved for CAT A+). Woking's office supply is critically low and leasing momentum is strong. Freehold, offers in excess of £29.13 million / 8.50% NIY / £375 per sq ft
Multi-let to five tenants including Nomad Foods Europe, Europe’s leading frozen food manufacturer, as well as BOC and Verint Systems. WAULT of 9.5 years to expiries and 2.9 years to breaks. High-capex occupier fit outs throughout. Total rent of £2,644,299 per annum / £36.02 per sq ft on the CAT A space (£43.56 per sq ft achieved for CAT A+). Woking's office supply is critically low and leasing momentum is strong. Freehold, offers in excess of £29.13 million / 8.50% NIY / £375 per sq ft
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
77,601 SF
Building Class
B
Year Built/Renovated
2004/2020
Price
$35,926,594
Price Per SF
$463
Cap Rate
8.50%
NOI
$3,053,760
Percent Leased
87%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
12,934 SF
Building FAR
2.12
Lot Size
0.84 AC
Parking
105 Spaces (1.35 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Food Service
- Reception
- Bicycle Storage
- Demised WC facilities
- Natural Light
- Open-Plan
- Shower Facilities
- Hardwood Floors
- Air Conditioning
- Balcony
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