20-24 Haslett Ave - Storefront FOR SALE


Crawley, WSX RH10 1HS
$7,500,000 USD
20-24 Haslett Ave, Crawley, WSX for Sale
$7,500,000 USD
Storefront - FOR SALE
1/6
null | 10.11% Cap Rate

20-24 Haslett Ave
Crawley, WSX RH10 1HS


HIGHLIGHTS

  • A busy and substantial commercial centre
  • Crawley is the largest town within West Sussex
  • Renowned for its strategic location, robust local economy and excellent transportation links
  • The town is located circa 43miles (69km) south of central London and 22miles (35km) north of Brighton

OVERVIEW

Significant town centre ownership including 14 shop units and a substantial part surface/part underground carpark to the rear (141 spaces). An attractive WAULT of 6.35 years to lease expiry and 4.02 years to tenant break options, with 74% of rent secured from tenants holding leases with more than three years to expiry. Tenants include Waterstones, Barclays, TUI, Card Factory, Kings Gym and YMCA. A current sale income of £809,000pax (assuming the vendor tops up stepped rents). Offers in the region of £7,500,000 subject to contract and VAT reflecting a net initial yield of 10.11% allowing for the usual graduated purchasers costs.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$342 USD /SF

CAP RATE

10.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.58 AC

LAND SF

112,385 SF

ZONING

-

APN/PARCEL ID

WSX174954,WSX341734,WSX342548,WSX355092,WSX379274,WSX420087

ASK ABOUT THIS PROPERTY

David FreemanGreen & Partners LLPMore Info

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David FreemanGreen & Partners LLPMore Info

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