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100-104 High Street High Street, Crawley, RH10 1BZ
Use Class
E(a)
Size
88,266 sq ft
Rent pa
£2,248,764
Description
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.
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
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.
This unit is part of WM Morrison Supermarket - Crawley
WM Morrison Supermarket - Crawley
The property comprises a purpose built food store located at second floor level within a landmark building. It is accessed from Crawley High Street and the development’s dedicated car park via travellators and lifts. The store is serviced from a shared service yard at ground floor level, which is accessed from Pegler Way. The store sits directly above the developments dedicated car park that is spread over ground and first floor levels and provides circa 500 spaces. The car park provides 2 hours free parking for customers and is managed by an ANPR system. Lease offered for assignment or for sub-letting as a whole or in parts.
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 01/05/2024