Pedestrianised town centre location opposite The Pavillion Shopping Centre
Nearby occupiers include Marks & Spencer, Superdrug, New Look, Costa and Waterstones
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 27
Auction 11th February 2016
Rent £53,050 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Bank
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
21 miles north of Brighton, 23 miles west of Tunbridge Wells, 30 miles south of Central London
Roads
A23, A264, M23 (Junctions 10, 10A, 11)
Rail
Crawley Rail Station
Air
London Gatwick Airport
Situation
Crawley is a popular London and Brighton commuter town located approximately 2 miles south of London Gatwick airport. The property is prominently situated on the south side of pedestrianised Queens Square, opposite The Pavillion Shopping Centre and close to its junction with The Broadway in the heart of the town centre. Nearby occupiers include Marks & Spencer, Superdrug, New Look, Costa and Waterstones.
Tenure
Freehold.
Location
Miles
21 miles north of Brighton, 23 miles west of Tunbridge Wells, 30 miles south of Central London
Roads
A23, A264, M23 (Junctions 10, 10A, 11)
Rail
Crawley Rail Station
Air
London Gatwick Airport
Situation
Crawley is a popular London and Brighton commuter town located approximately 2 miles south of London Gatwick airport. The property is prominently situated on the south side of pedestrianised Queens Square, opposite The Pavillion Shopping Centre and close to its junction with The Broadway in the heart of the town centre. Nearby occupiers include Marks & Spencer, Superdrug, New Look, Costa and Waterstones.
Tenure
Freehold.
Description
The property, an interconnecting double fronted banking premises, comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
Viewings
There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email will.moore@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, an interconnecting double fronted banking premises, comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
Viewings
There will be a single block viewing for this property. All interested parties must register their details with the Auctioneers and provide identification on site. Please contact Will Moore. Email will.moore@acuitus.co.uk
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First Second
Banking Hall Office/Ancillary Office/Ancillary
170.74 sq m 117.37 sq m 99.54 sq m
(1,838 sq ft) (1,263 sq ft) (1,072 sq ft)
SANTANDER UK PLC (1)
Approx 5 years from 25/12/2015 (on two co-terminous leases) (2)
£53,050 (3)
31/12/2020
Totals
387,65 sq m
(4,173 sq ft)
£53,050
(1) For the year ending 31/12/2014, Santander UK Plc reported pre-tax profits of £1,399,000,000 and a total net worth of £12,006,000,000. (Source: Experian Group 08/01/2016) (2) The tenant is currently occupying under two leases each for a term of 25 years from 25th December 1990. Heads of Terms to renew these leases for 5 years each from 25/12/2015 have been agreed and are in solicitors’ hands due to complete imminently. (3) The agreed re-based rents are Unit 38 £26,800 p.a.x and Unit 39 £26,250 p.a.x. equating to approximately £12.71 per sq ft in total.
