Station Road and 6 Old Station Close, Crawley Down, Crawley

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.

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