In an off-market transaction, on behalf of Threadneedle Pensions Limited, Cooper Rose LLP has sold the freehold interest in Commercial Buildings, 63-75 Commercial Way, Woking to Woking Borough Council for a price of £3,800,000, reflecting a net initial yield of 5.58%.
The property comprises a parade of seven retail units, with ancillary upper floor accommodation, situated in an edge of prime trading position in Woking town centre.
The property is secured on seven tenancies, with occupiers including Caffe Nero and Oxfam, and produces £225,900 per annum.
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