Pedestrianised town centre location opposite The Pavilion 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
Lot 4
Auction 8th December 2016
Rent £53,050 per Annum Exclusive
Status Sold
Price £720,000
Sector Bank
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
21 miles north Brighton
23 miles west of Tunbridge Wells
30 miles south of Central London
Roads
A23, A264, M23 (Junctions 10, 10A & 11)
Rail
Crawley Railway 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 Pavilion 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.
Crawley Borough Council's £3.2 million regeneration of Queens Square is now underway, with works to include; relocation of the bandstand, installation of new high quality paving, landscaping, street lighting and new street furniture. The works are due to complete August 2017 (www.crawley.gov.uk).
Tenure
Freehold.
Location
Miles
21 miles north Brighton
23 miles west of Tunbridge Wells
30 miles south of Central London
Roads
A23, A264, M23 (Junctions 10, 10A & 11)
Rail
Crawley Railway 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 Pavilion 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.
Crawley Borough Council's £3.2 million regeneration of Queens Square is now underway, with works to include; relocation of the bandstand, installation of new high quality paving, landscaping, street lighting and new street furniture. The works are due to complete August 2017 (www.crawley.gov.uk).
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.
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
Completion Period
Six Week Completion
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.
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
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Approx 5 years from 25/12/2015 (on two co-terminous leases)
£53,050 (2)
31/12/2020
Totals
387.65 sq m
(4,173 s q ft)
£53,050 (2)
(1) For the year ending 31st December 2015, Santander UK Plc reported pre-tax profits of £1,345,000,000 and a total net worth of £13,279,000,000 (Source: Experian Group 26/10/2016). (2) The property is let on two co-terminous leases. No. 38 is let at £26,800 p.a.x and No. 39 is let at £26,250 p.a.x, therefore the property produces a total of £53,050 p.a.x.
