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- LoopNet Team
The Boulevard park
Crawley RH10 1XP
The Boulevard East and West Car Parks · Land For Sale · 2.07 AC
Investment Highlights
- An established Town Centre surface car park, offering a total of 143 parking spaces across a 0.84 hectare (2.07 acre) site.
- The car park is currently let to the nationally operating RCP Parking Limited, from a rent commencement date of 5th July 2024.
- Medium to long term development opportunity.
- Strategically located within Crawley Town Centre and adjacent to Queens Shopping Centre, including major retail stores such as M&S, Argos and TK Maxx.
- Initial passing rental of £250,000 per annum equating to a rental value of £1,748 per parking space. Annual RPI linked rent reviews.
- Offers are invited for the freehold interest of the property and are to be submitted by 13:00 on Friday 19th April 2024.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 2.07 AC |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.07 AC |
Description
The property comprises two surface level car parks across a site area of approximately 0.84 hectares (2.07 acres), providing a total of 143 parking spaces. Boulevard East and West Car Parks are located within a prime position within Crawley Town Centre and are accessible from The Boulevard, between its junctions for the A2219 and the Northgate Avenue Roundabout, connecting onto main arterial routes out of the town in all directions. The car parks are currently let to RCP Parking Limited, a nationally recognised operator, on a Passing rent of £250,000 per annum, equating to a rental value of £1,748 per parking space, with annual RPI linked reviews. Please see the attached brochure for further information.
