Let on a new 10 year lease to Dyer and Butler Limited
Strategic location 0.5 miles south of Gatwick Airport
Adjacent to Meadow Brook Industrial Estate within 1 mile of M23 (Junction 10)
Nearby occupiers include Dreams, Mercedes Benz Car Dealership and Air Atlanta
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 25
Auction 30th March 2017
Rent
Status Sold
Price £1,110,000
Sector Industrial/Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the Instructions of Colliers Capital
Property Information
Location
Miles
0.5 miles south of Gatwick Airport, 29 miles south of London
Roads
A2011, M23 (Junction 10)
Rail
Gatwick Airport Rail & Three Bridges Rail
Air
Gatwick International Airport
Situation
Crawley is an affluent and popular London and Brighton commuter town some 29 miles south of London. The property is situated on Baird Close, off Gatwick Road some 0.5 miles south from Gatwick Airport, occupying a strategic position less than a mile from the M23 (Junction 10). The surrounding area is predominantly industrial, with the Meadow Brook Industrial Estate located adjacent to the property. Other nearby occupiers include Dreams, Mercedes Benz Car Dealership and Air Atlanta.
Tenure
Freehold.
Location
Miles
0.5 miles south of Gatwick Airport, 29 miles south of London
Roads
A2011, M23 (Junction 10)
Rail
Gatwick Airport Rail & Three Bridges Rail
Air
Gatwick International Airport
Situation
Crawley is an affluent and popular London and Brighton commuter town some 29 miles south of London. The property is situated on Baird Close, off Gatwick Road some 0.5 miles south from Gatwick Airport, occupying a strategic position less than a mile from the M23 (Junction 10). The surrounding area is predominantly industrial, with the Meadow Brook Industrial Estate located adjacent to the property. Other nearby occupiers include Dreams, Mercedes Benz Car Dealership and Air Atlanta.
Tenure
Freehold.
Description
The property is a standalone light industrial building comprising two self-contained units providing internal access between units at first floor. Both units comprise a ground floor warehouse with ground and first floor office accommodation. The property benefits from 18 marked car parking spaces, a yard area and roller shutter doors. The site has an approximate area of 0.21 hectares (0.52 acres).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a standalone light industrial building comprising two self-contained units providing internal access between units at first floor. Both units comprise a ground floor warehouse with ground and first floor office accommodation. The property benefits from 18 marked car parking spaces, a yard area and roller shutter doors. The site has an approximate area of 0.21 hectares (0.52 acres).
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
10 years from 30/04/2016 on a full repairing and insuring lease (2)
£70,000
30/04/2021 (29/04/2026)
Total
761.49 sq m
(8,196 sq ft)
£70,000
(1) For the year ending 31 October 2015, Dyer and Butler Limited reported a turnover of £113,105,076, pre-tax profits of £3,133,804 and a total net worth of £9,113,310 (Source: Experian Group 13/02/2017). Since 1979, Dyer and Butler build, maintain and renew infrastructure within both the public and private sector, delivering civil engineering and building projects of all sizes, throughout England and Wales (Source: www.dyerandbutler.co.uk/about-us 13/02/2017). (2) The vendor is holding a £21,000 rent deposit inc. VAT. The lease provides a tenant option to determine on 30/04/2021. The lease is full repairing and insuring subject to clause 24 in the lease .