Investment for sale

1-5, The Broadway, Crawley, RH10 1DU

Contact Agent

Call Agent 01273 876200

Marketed by

Stiles Harold Williams Brighton

Lees House, Dyke Rd, Brighton and Hove, Brighton BN1 3FE, UK

Properties for sale Properties to let

Under Offer

1 of 5

Offers in the Region of

£865,000

1-5, The Broadway, Crawley, RH10 1DU

Contact Agent Call Agent 01273 876200

Key features

Attractive freehold investment with extensive development potential, prominent corner location in town centre
Lloyds Bank PLC covenant on renewed lease at £80,000 pax until 24th December 2030
Lloyds has been in occupation since 1956
Potential for residential conversion of upper parts and retaining ground-floor commercial
Drawings created for 8 flat development concept
Potential for additional residential via vertical extension new build
1-5 The Broadway is under a single title, let on a single FRI lease
Potential to reconfigure to self-contained ground floor commercial
Offers invited in excess of £865,000, a purchase at this level would show a net initial yield of 8.75%

Description

The property comprises a period, four-storey return frontage building, arranged as a ground-floor banking area with basement vaults, plus ancillary first and second floor accommodation currently arranged as offices and storage.

Reference: 6187_sales

All commercial properties for sale in Crawley

Marketed by

Stiles Harold Williams Brighton

Lees House, Dyke Rd, Brighton and Hove, Brighton BN1 3FE, UK

Properties for sale Properties to let