Unit 1, Station Road, Crawley Down, Crawley, West Sussex, RH10 4HZ
- PROPERTY TYPE
Mixed Use
- SIZE
Ask agent
Key features
- High Yielding Mixed-Use Retail/Residential opportunity
- Retail Unit and Two Bedroom Self-contained flat
- Let to Morrisons Daily
- 10 year lease expiring 31.03.2028
- 2023 Break option not exercised
- Asset Management Potential
- In the Same ownership for approximately 17 years
- Prominent central pitch
- VAT-free investment
- Investment let at £16,750.00 per annum
Description
StrapLine
Auction Sale - 25/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteMixed-Use Retail/Residential opportunity comprising a ground floor retail unit and Two Bedroom self-contained flat to the upper parts, well located for the Shopping and Recreational amenities of Crawley Down and Crawley- Investment let at £16,750.00 per annum
Description
A Two Storey end of terrace building
Arranged as a ground floor shop unit with residential upper parts
The whole property is let on a single lease to Alliance Property Holdings Limited (t/a Morrisons Daily) on a 10 year lease expiring 31.03.2028 and producing £16,750 per annum. We understand the 2023 rent review is outstanding, offering immediate asset management potential, whilst the tenant also did not serve their 2023 break option, displaying confidence in the location.
Location
Located near to the junction of Station Road and Bowers Place
Shopping facilities can be found nearby in Crawley Down and to a further extent in the centres of Crawley and East Grinstead
The Surrounding Countryside provides a range of Recreational amenities to the area
Transport
National Rail- Crawley, East Grinstead
Tenancy
The entire property is let to Alliance Property Holdings Limited (t/a Morrisons Daily) on a 10 year lease expiring 31.03.2028 and producing £16,750 per annum.
The lease is on full repairing and insuring terms and we understand the 2023 rent review is outstanding. The tenant also did not exercise their 2023 break option, displaying confidence in the location.
WM Morrison Supermarkets Limited act as Guarantor on the lease.
Alliance Property Holdings Limited
Morrisons took over approx. 1,100 McColl's Retail Group stores in 2022 via Alliance Property Holdings. The company is part of the Morrisons Group and have reported the below Turnover figures to date:
- 2023 - £931m
- 2022 - £463m
Unit 1, Station Road, Crawley Down, Crawley, West Sussex, RH10 4HZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- East Grinstead Station2.6 miles
- Three Bridges Station3.6 miles
- Dormans Station4.0 miles
Notes
Disclaimer - Property reference 197-19721. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills Auctions, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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