£170,000

Retail premises for sale

  1.  Unit 1, Station Road, Crawley Down, Crawley, West Sussex, Rh10 4Hz
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Auction

From

£170,000

Retail premises for sale

Station Road, Crawley Down, Crawley RH10

Local area information

Property location

Nearby amenities

  • Crawley Down Village CofE 0.3 miles
  • Turners Hill CofE Primary School 1.3 miles
  • East Grinstead 2.6 miles
  • Three Bridges 3.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • 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
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 website. -

Mixed-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

More information

Property descriptions and related information displayed on this page are marketing materials provided by - Savills - National Auctions. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Savills - National Auctions for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. West Sussex
  4. Crawley
  5. Crawley Down
  6. Station Road