April 2023: Tuesday 18 April 2023 - 9:00am
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    Key features

    • Investment let at £34,000 pa (11.33% on Guide Price)
    • Let to Guild Care on a new 5 year lease from January 2023
    • Nearby occupiers include Santander, Iceland, TSB & British Heart Foundation
    • VAT-Free Investment
    • 6 Week completion available

    Description

    The property comprises a ground floor shop which forms part of a larger building not to be included in the sale.

    Additional information

    Tenure

    A new 999 year leasehold interest is to be granted on completion of the sale at a peppercorn rent.


    Accommodation

    Please note the approximate floor areas have been taken from the VOA and the property has not been inspected by Savills.


    Ground - 242.09 sq m (2,606 sq ft)


    Tenancy

    Let to Guild Care (1) for 5 years from 24.01.2023 at a rent of £34,000 pa.


    The lease is effectively FRI by way of a service charge.


    (1) Guild Care were incorporated in 1995 and are Worthing’s leading social care charity, supporting people to live well, enjoy life, and love every day. They have 11 charity shops across the Worthing area offering a wide range of bric-a-brac, books, clothes, furniture and much more. Website: www.guildcare.org.


    (2) The tenant has the benefit of a rent free period which will expire before completion

    Rent

    £34,000 pa (2)

    Notes

    VAT is applicable.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      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.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is situated in a prominent position within the town centre on west side of The Broadway, close to the County Mall, Queens Square and Crawley High Street.

      Transport

      Crawley benefits from good road connections being adjacent to the M23 Motorway (junctions 9, 10A and 11) and 10 miles south of the M25 Motorway (Junction 7). Crawley Rail Station is some 350 metres south of the property and provides regular rail servic

      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