Offers over
£350,000
(£211.61/sq. ft)
Retail premises for sale26 Broad Walk, Crawley RH10
1,654 sq. ft
EPC Rating: C
Just added
Freehold
About this property
Investment opportunity
Description
The property comprises a ground floor retail unit, currently operating as a hair salon. The accommodation is arranged predominately as open plan retail space, benefitting from an attractive glazed frontage providing excellent natural light. To the rear of the ground floor is a kitchenette, storage accommodation and WC facilities. The first floor provides office space, accessed via an internal staircase. Externally, the property benefits from a single garage to the rear, together with a loading area and unrestricted parking nearby.
Location
The property occupies a prominent town centre position within Crawley's established retail and commercial district. The Broad Walk forms one of the town's principal pedestrianised shopping thoroughfares. There are a number of national and independent retailers nearby, such as Iceland, Cake Box and Cash Converters.
Specifications
- Suspended ceiling with inset spot lighting
- Fire alarm and emergency lighting throughout
- lvt wood effect flooring
- Air conditioning
Legal Costs
Each party to be responsible for their own legal costs.
Tenure
The property is available by way of the freehold interest, subject to the existing tenancies. The ground and first floors are let under a single Fri lease (subject to photographic schedule of condition) for a term of 10 years, producing a rental income of £30,000 per annum exclusive. There is an open market, upward rent review in November 2027 in addition to a tenant only break option. The tenant must pay a fair proportion of the service charge. The 2nd floor flat has been sold off on a long leasehold interest for a term of 125 years from 2014 at an initial ground rent of £100, which is to increase by £150 every 15 years. The flat tenant is responsible to contribute 20% towards the Landlord's cost of maintaining the exterior and common parts of the property.
VAT
VAT is understood not to be applicable on the terms quoted.
The property comprises a ground floor retail unit, currently operating as a hair salon. The accommodation is arranged predominately as open plan retail space, benefitting from an attractive glazed frontage providing excellent natural light. To the rear of the ground floor is a kitchenette, storage accommodation and WC facilities. The first floor provides office space, accessed via an internal staircase. Externally, the property benefits from a single garage to the rear, together with a loading area and unrestricted parking nearby.
Location
The property occupies a prominent town centre position within Crawley's established retail and commercial district. The Broad Walk forms one of the town's principal pedestrianised shopping thoroughfares. There are a number of national and independent retailers nearby, such as Iceland, Cake Box and Cash Converters.
Specifications
- Suspended ceiling with inset spot lighting
- Fire alarm and emergency lighting throughout
- lvt wood effect flooring
- Air conditioning
Legal Costs
Each party to be responsible for their own legal costs.
Tenure
The property is available by way of the freehold interest, subject to the existing tenancies. The ground and first floors are let under a single Fri lease (subject to photographic schedule of condition) for a term of 10 years, producing a rental income of £30,000 per annum exclusive. There is an open market, upward rent review in November 2027 in addition to a tenant only break option. The tenant must pay a fair proportion of the service charge. The 2nd floor flat has been sold off on a long leasehold interest for a term of 125 years from 2014 at an initial ground rent of £100, which is to increase by £150 every 15 years. The flat tenant is responsible to contribute 20% towards the Landlord's cost of maintaining the exterior and common parts of the property.
VAT
VAT is understood not to be applicable on the terms quoted.
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Monthly repayment
£1,750 per month
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