Unit 3, Station Road and 6 Old Station Close, Crawley Down, Crawley, West Sussex, RH10 4HZ
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- High Yielding Mixed Use Investment
- Same Ownership for 15+ Years
- Ground Floor Retail Unit and Upper Parts
- Let to Private Individuals t/a Village Brew Coffee Shop
- 10 Year Lease Expiring 11.03.2031
- 2026 Break Option Not Exercised
- Asset Management Potential Via Outstanding Rent Review
- Upper Parts Sold Long Leasehold
- Includes Rear Storage Let to Morrisons
- Three Parking spaces with rear yard area with further potential (subject to requisite consents)
Description
StrapLine
Auction Sale - 27/01/2026 - 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 opportunity comprising a ground floor retail unit and Two Bedroom self-contained flat (sold off on lease) to the upper parts with the additional benefit of three parking spaces with further potential (subject to requisite consents), well located for the Shopping and Recreational amenities of Crawley Down and Crawley- Investment let at £13,900.00 per annum
Description
The property comprises a high yielding, mixed-use, investment occupying a prominent corner pitch and benefitting from asset management potential.
Arranged as a ground floor retail unit with a flat to the first floor and a rear storage container, the property is fully let to three tenants and producing a total rent of £13,900 per annum.
The ground floor is let to Private Individuals t/a Village Brew Coffee Shop on a 10 year lease expiring 11.03.2031 and paying £13,000 per annum.
We consider the property benefits from asset management potential via the outstanding 2023 rent review and the upcoming 2026 rent review, with both presenting an opportunity to improve rents. The tenant did not exercise their 2026 break option, displaying confidence in the location.
The upper parts are sold off on a long leasehold basis, expiring 23.06.2137 and paying a ground rent of £300 per annum, doubling every 25 years.
The property also includes a rear storage container, which is let on a license to Alliance Property Holdings Limited (t/a Morrisons) producing £600 per annum.
Location
Located near to the junction of Station Road and and Old Station Close
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 ground floor is let to Private Individuals t/a Village Brew Coffee Shop on a 10 year lease expiring 11.03.2031 and paying £13,000 per annum.
The lease is on full repairing and insuring terms and includes an upward only, open market, rent review 12.03.2026. The tenant also did not exercise their 2026 break option, displaying confidence in the location.
The upper parts are sold off on a long leasehold basis, expiring 23.06.2137 and paying a ground rent of £300 per annum, doubling every 25 years.
The property includes a rear storage container, which is let on a license to Alliance Property Holdings Limited (t/a Morrisons) producing £600 per annum.
Unit 3, Station Road and 6 Old Station Close, 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 216-20285. 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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