Crawley Three Bridges

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.