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100-104 High Street High Street, Crawley, RH10 1BZ

£ 2,248,764 pa / 88,266 sq ft
100-104 High Street, WM Morrison Supermarket - Crawley, Crawley - Picture 2019-11-12-11-03-43
Use Class

Use Class

E(a)

Size

Size

88,266 sq ft

Rent pa

Rent pa

£2,248,764

Modern purpose built store of 88,266 sq ft gross internal area situated in a landmark mixed use building.

Suitable for retail and leisure uses, subject to planning and landlord’s consent.

Lease offered for assignment.

Offers will also be considered for sub-leases of the whole or parts.

Located at second floor level and accessed by travellators and lifts. Situated above 500 space car park spread over ground and first floors. Highly prominent location on the edge of Crawley town centre.

Key Information

Viewing

For access to the dataroom or to arrange to view the property, please contact Alex Moorhouse of Colliers International.

Accommodation

88,266 Sq.Ft

Areas
Sq.Ft
Sq.M
Ground Floor (Unloading Area)
1,198
111
First Floor (Main Retail Area)
87,068
8,089

Financial

Lease Type

Existing Lease

Lease Term

25 years from 6th January 2014. Tenant Break Options – Effective 5th January 2029 and 2034 on 6 months notice.

Rent

Rent Reviews Dates – 6th January 2024 and 5 yearly thereafter.

Rates

Based on information obtained from the Valuation Office, we understand that the current food store has a Rateable Value in the 2017 List of £1,650,000. Interested parties should make their own enquiries to confirm the current Rateable Value and any other associated rating issues.

Costs

Each party is to bear their own legal costs incurred in any transaction.

Incentive

The lease on the store is offered for assignment and offers are invited. Offers will also be considered for a sub-lease of the whole of the store for a term up to the tenant’s first break date on 5th January 2029. Alternatively, Morrisons will consider sub-letting the store premises in parts and interested parties should contact the agents to discuss their space requirements and terms. The lease allows retail use, but leisure uses will also be considered subject to planning and landlord’s consent for a change of use.

Service charge

The budget allocation for the current service charge year to 31st March 2020 is £152,008.76. Full details of the current service charge budgets and liabilities are available in the dataroom.

Tenure

Leasehold - Full repairing and insuring

Sustainability

An Energy Performance Certificate for the property is available in the data room.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2024 Completely Property Technology Limited

This was last updated on 14/03/2024