£29.130.000
Confirmation
Refurbished office building with outstanding ESG credentials
Woking, United Kingdom
Office
#35054
Core+
28 Oct 2024
Property Details
Broker
For sale
77,601 sq.ft.
7,209 m²Leasable area
375 £/sq.ft.
4,040 £/m²8.50 %
5
Freehold
Fees
Investment Overview
Strategically located in Woking Town Centre, within 5 minutes’ walk of the station. Grade A vacancy of just 1.8%, 0 sq ft under construction and 29,500 sq ft under offer going into Q3 2024 following a very strong year in 2023. Newly redeveloped via a back-to-shell refurbishment at a cost of approximately £13.5 million including building extensions and new M&E throughout. 77,601 sq ft 100% electric and decarbonised office with extensive basement car parking. Floor plates averaging 14,325 sq ft and x3 cores providing flexibility Architecturally outstanding design providing hotel-style offering, extensive communal workspaces, various internal terraces, exposed ceiling services, and excellent natural light throughout On-site café, fitness studio, electric vehicle charging points, showers and changing / drying facilities, and extensive cycle parking provision. The best office refurbishment in the South East and exemplar of the next generation of offices with outstanding ESG credentials. Non-binary multi-let profile with five office occupiers WAULT of 9.5 years to expiries and 2.9 years to breaks. Strong commitment to the building from occupiers with high capex for on-floor fit-outs. Outstanding tenant line up including Nomad Foods Europe, Europe’s leading frozen food manufacturer, BOC, the world’s largest industrial gas company, Verint Systems, 2H Offshore Engineering and Aspris Children’s Services.
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