RH10 1-5, The Broadway, Crawley

The property comprises a period, four-storey return frontage building, arranged as a ground-floor banking area with basement vaults, plus ancillary first and second floor accommodation currently arranged as offices and storage.

Attractive freehold investment with extensive development potential, prominent corner location in town centre

Lloyds Bank PLC covenant on renewed lease at £80,000 pax until 24th December 2030

Lloyds has been in occupation since 1956

Potential for residential conversion of upper parts and retaining ground-floor commercial

Drawings created for 8 flat development concept

Potential for additional residential via vertical extension new build

1-5 The Broadway is under a single title, let on a single FRI lease

Potential to reconfigure to self-contained ground floor commercial

Offers invited in excess of £865,000, a purchase at this level would show a net initial yield of 8.75%

Crawley is a major commercial hub in West Sussex, situated approximately 28 miles South of Central London, 18 miles north of Brighton and 9 miles South of Reigate.

The property occupies a prominent return frontage position in the heart of Crawley town centre, with frontage to The Broadway and The Boulevard. The Broadway is one of the highest footfall commercial thoroughfares in Crawley and sits on the perimiter of the Queens Square public realm space. Nearby is The County Mall Shopping Centre, one of the largest shopping centres in South East England, offering over 1,700 car parking spaces.

The town benefits from its strategic between Gatwick and Heathrow airports, with Gatwick Airport less than 4 miles away. The M23 motorway (Junction 10) is approximately 2 miles to the East, connecting directly with the M25 and providing fast access to Central London and the South Coast.

Crawley Railway Station is within a short walk of the property and provides regular services to London Victoria and London Bridge, as well as direct connections to Gatwick Airport, Brighton and other key destinations.

Occupiers close by include: Natwest, Games Workshop, Poundstretcher, Iceland, Subway, Pizza Hut, Starbucks, The Gym Group, Kokoro, Rush Hair, New Look, Cards Direct, Greggs.