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Crawley

Hazelwick Avenue RH10 1EX

Status: Sold

Date: 01 June, 2018

Type: Offices

Fully Let Office Investment with potential for Residential Conversion

In June 2018 Joiner Cummings acted on behalf of Aviva Investors in the sale of two South East office buildings.

  •  Two Prime South East office buildings totalling 39,366 sq ft
  •  Well located in Three Bridges, a major suburb of Crawley within 3 miles of Gatwick Airport.
  •  Situated within 500m of Three Bridges Station, with frequent fast train services to Central London, Gatwick Airport and the South Coast
  • Excellent local amenities including a 24 hour Tesco supermarket, Lidl and Iceland and nearby Town Centre
  • Fully let to EDF Energy and UK Power Networks with a WAULT of 3.61 years to expiry and 1.95 years to break,
  • Current rent of £679,000 per annum equating to a low average rent of £17.13 per sq ft.
  • 151 car park spaces providing an excellent ratio of 1:263 per sq ft.
  • Potential to re-gear leases or convert to residential to provide 60 apartments under permitted development.
  • Large site affording the potential for future extension.