Marketed by
Stiles Harold Williams
Brighton
Lees House, Dyke Rd, Brighton and Hove, Brighton BN1 3FE, UK
Available
1 of 5
Offers in the Region of
£865,000
1-5, The Broadway, Crawley, RH10 1DU
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
Marketed by
Stiles Harold Williams
Brighton
Lees House, Dyke Rd, Brighton and Hove, Brighton BN1 3FE, UK
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