Waterloo House, Chertsey Road

Woking GU21 5AB

Overview

Investment Summary

  • Unique residential development in Woking town centre.
  • Forward commitment opportunity from a well established developer.
  • 25 residential units, arranged as 22 studio apartments, two 1-beds and a 2-beds over 5 upper floors.
  • The 25 apartments extend to approximately 997.90 sq m (10,741 sq ft) NSA
  • ERV of the apartments is approximately £312,000 per annum.
  • Long leasehold is available for sale as a whole by means of Informal Tender.

Location

Waterloo House is situated in Woking, a large and well-regarded commuter town in north-west Surrey. Woking is at the southwestern edge of the Greater London Urban Area and is a part of the London commuter belt.

The property is located 100 yards from Woking Station on the south side of Chertsey Road. The development has a prime spot in the heart of the town centre, right next to Woking Shopping Centre, which is home to 150 stores. There is also a fantastic selection of high street shops, restaurants, bars, cafes and clubs within the immediate area.

Woking is a well-established commuter town and is sought after by both investors and occupiers, this in turn provides for excellent fundamentals for rental and capital growth, both of which have been prevalent in Woking in recent years. There is a strong demand from renters in the area for new build, well located and well-designed apartments, Waterloo House is ideally positioned to fulfil this demand.

Situation

Connectivity

The development has fantastic communication links being 100 yards from Woking Station. The station is serviced by South Western Main Line trains and the journey time from Woking to London Waterloo is approximately 24 minutes. Bus services are available from behind the development on The Broadway. Woking is also easily accessible by car being a short distance outside the M25 orbital motorway. Junction 10 of the M25 is a 17-minute drive from Waterloo House. Heathrow Airport (20-minute drive) and Gatwick Airport (40-minute drive) also provide easy access to many major domestic and international destinations.

Description

Waterloo House is located in the town centre of Woking, 100 yards from Woking railway station. The development comprises 25 apartments arranged over first to fifth floors.

The development is arranged as 22 studio apartments, two 1-bed duplex apartments and a 2-bed apartment. There are 7 flats per floor over the first and second floors, 6 flats on the third floor and a further 5 on the fourth floor, with 3 of these units being duplexes also over the fifth floor. The apartments are accessed through a main entrance lobby.

The apartments have good sized open plan living spaces as well as contemporary kitchens and bathrooms. The units, along with the communal parts of the building will be finished to a high standard. The total area of the 25 apartments extends to approximately 997.90 sq m (10,741 sq ft) NSA. The likely ERV of the apartments is approximately £312,000 per annum.

The Opportunity

  • Long leasehold residential forward commitment opportunity in Woking town centre, 100 yards from the train station.
  • Potential for very good capital and rental growth prospects, the apartments therefore pose a strong medium to long term investment.
  • Waterloo House is in a excellent position to take advantage of the lack of high-quality rental stock in the immediate area.
  • Superb central Woking location, with access to London in 24 minutes.
  • Woking is a sought-after commuter location.

Tenure

Long leasehold is available for sale as a whole by means of Informal Tender.

Services

We are informed that mains water, electricity, gas and drainage will be provided. It is the purchasers responsibility to carry out their own due diligence with regards to the services that are provided and that these services are correct for any potential future use.

Planning

We have reviewed the Local Planning Authority website regarding town planning matters and understand that the existing building is neither statutorily nor locally listed however it is situated within the Woking town centre conservation area.

Local Authority

Woking Borough Council
Civic Offices
Gloucester Square
Woking
Surrey
GU21 6YL
Tel: 01483 755855

VAT

The property is not subject to VAT.

EPCs

The EPC's will be available on practical completion of the apartments.

Developer

LEOS International provides investors with investment management services covering the entire development process in the UK real estate market. LEOS International currently have development value of £400 million+ across the World. These developments total over 800 residential & commercial units within the construction pipeline.

Track record available upon request.

Proposal

Guide Price

On application.

Viewings

Inspections can be arranged with prior notice through Cushman & Wakefield, the vendors selling agent.
Please contact Lewis Smith
(Lewis.smith@cushwake.com) for access details.

Tender Process

The long leasehold interest is to be made available for sale by means of Informal Tender.

Build programme due to complete August 2020.

Download Brochure



Google Maps

NET INITIAL YIELD:
N/A
PRICE:
Price On Application
REGISTER INTEREST
OR CONTACT US

Please select a contact *

 
 
 

(* Required Field)