TypeOffice Investments

RH11 One Forest Gate, Tilgate Business Park, Crawley

TenureFor sale

One Forest Gate, Tilgate Business Park, Crawley, RH111/3

Specification

Building size
Building size24,664sqft
Property type
Property typeOffice Investments
Tenure
TenureFor sale

Description

One Forest Gate is a grade A office building, arranged over ground and two upper floors totalling approximately 24,664 sq ft (2,291.4 sq m). In 2018 the building was subject to a comprehensive refurbishment by the landlord at a cost of £2.9m (£118 per sq ft).

The property is let to two tenants in accordance with the following tenancy schedule, providing a total passing rent of £601,326 per annum equating to a rent of £24.89 per sq ft. The AWAULT is 6.1 years to lease expiries and 2.8 years to breaks.

Location

Located approximately 25 miles south of Central London and 19 miles north of Brighton, Crawley is an important commercial town in West Sussex. Benefitting from a strategic location adjacent to the M23 and 4 miles to the south of Gatwick Airport, the town is surrounded by the affluent conurbations of Horsham, Guildford, Woking, Brighton and Royal Tonbridge Wells.

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