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20-24 Haslett Ave

21,912 SF 100% Leased Retail Building Crawley RH10 1HS $13,586,842 CAD ($620 CAD/SF) 10.11% Cap Rate

Investment Highlights

  • A busy and substantial commercial centre
  • Renowned for its strategic location, robust local economy and excellent transportation links
  • Crawley is the largest town within West Sussex
  • The town is located circa 43miles (69km) south of central London and 22miles (35km) north of Brighton

Executive Summary

Significant town centre ownership including 14 shop units and a substantial part surface/part underground carpark to the rear (141 spaces).
An attractive WAULT of 6.35 years to lease expiry and 4.02 years to tenant break options, with 74% of rent secured from tenants holding leases with more than three years to expiry.
Tenants include Waterstones, Barclays, TUI, Card Factory, Kings Gym and YMCA.
A current sale income of £809,000pax (assuming the vendor tops up stepped rents).
Offers in the region of £7,500,000 subject to contract and VAT reflecting a net initial yield of 10.11% allowing for the usual graduated purchasers costs.

Attachments

Crawley

Property Facts

Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront
Building Size
21,912 SF
Building Class
B
Year Built
1967
Price
$13,586,842 CAD
Price Per SF
$620 CAD
Cap Rate
10.11%
NOI
$1,373,630 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.19
Lot Size
2.58 AC
Frontage
255 ft on Haslett Avenue

Amenities

  • Security System
  • Automatic Blinds
  • Storage Space

Nearby Major Retailers

Barclays Bank
ASDA
Wildwood
Santander
Prezzo Plc
Costa Coffee
Anytime Fitness
Starbucks
Lloyds Bank
Turtle Bay
  • Listing ID: 33826699

  • Date on Market: 2024-11-11

  • Last Updated:

  • Address: 20-24 Haslett Ave, Crawley RH10 1HS

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