Units 2 & 3 Baird Close Crawley West Sussex RH10 9SY

Units 2 & 3 Baird Close
Crawley
West Sussex
RH10 9SY

Freehold Industrial Investment

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
£70,000 per Annum Exclusive
Status
Sold
Price
£1,110,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of Colliers Capital

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Freehold Industrial Investment

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 £70,000 per Annum Exclusive
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

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

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.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/(Reversion)
2 3	Ground First Ground First	Warehouse/Office Office Warehouse/Office Office	325.95 sq m 77.51 sq m 302.66 sq m 55.37 sq m	(3,508 sq ft) (834 sq ft) (3,257 sq ft) (595 sq ft)	DYER AND BUTLER LIMITED (1)	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 .