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    Key features

    • To be offered on Tuesday 27 January
    • High Yielding Mixed Use Investment
    • Same Ownership for 15+ Years
    • Ground Floor Retail Unit and Upper Parts
    • Let to Private Individuals t/a Village Brew Coffee Shop
    • 10 Year Lease Expiring 11.03.2031
    • 2026 Break Option Not Exercised
    • Asset Management Potential
    • Upper Parts Sold Long Leasehold
    • Includes Rear Storage Let to Morrisons
    • Three Parking spaces with rear yard area with further potential (subject to requisite consents)
    • Prominent Corner Pitch
    • VAT-Free Investment
    • Investment Let at £13,900 p.a. (10.69% GIY on Guide Price)

    Description

    The property comprises a high yielding, mixed-use, investment occupying a prominent corner pitch and benefitting from asset management potential.

    Arranged as a ground floor retail unit with a flat to the first floor and a rear storage container, the property is fully let to three tenants and producing a total rent of £13,900 per annum.

    The ground floor is let to Private Individuals t/a Village Brew Coffee Shop (on assignment) on a 10 year lease expiring 11.03.2031 and paying £13,000 per annum.

    We consider the property benefits from asset management potential via the upcoming 2026 rent review, presenting an opportunity to improve rents. The tenant did not exercise their 2026 break option, displaying confidence in the location.

    The upper parts are sold off on a long leasehold basis, expiring 23.06.2137 and paying a ground rent of £300 per annum, doubling every 25 years.

    The property also includes a rear storage container, which is let on a license to Alliance Property Holdings Limited (t/a Morrisons) producing £600 per annum.

    Additional information

    Tenure

    Freehold

    Tenancy

    The ground floor is let to Private Individuals t/a Village Brew Coffee Shop on a 10 year lease expiring 11.03.2031 and paying £13,000 per annum.


    The lease is on full repairing and insuring terms and includes an upward only, open market, rent review 12.03.2026. The tenant also did not exercise their 2026 break option, displaying confidence in the location.


    The upper parts are sold off on a long leasehold basis, expiring 23.06.2137 and paying a ground rent of £300 per annum, doubling every 25 years.


    The property includes a rear storage container, which is let on a license to Alliance Property Holdings Limited (t/a Morrisons) producing £600 per annum.

    Rent

    £13,900 per annum

    Notes

    Please note Savills have not inspected the property internally. Any photographs, plans, drawings and areas are for illustrative purposes and not to be relied upon. Prospective purchasers should rely on their own enquiries in this regard, please consult the legal pack.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

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      Local information

      Located near to the junction of Station Road and and Old Station Close

      Shopping facilities can be found nearby in Crawley Down and to a further extent in the centres of Crawley and East Grinstead

      The surrounding countryside provides a range of Recreational amenities to the area

      Transport

      National Rail - Crawley, East Grinstead

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums