From
£170,000
Property for saleStation Road, Crawley Down, Crawley RH10
Auction
About this property
To be offered on Tuesday 25 November
High Yielding Mixed-Use Retail/Residential opportunity
Retail Unit and Two Bedroom Self-contained flat
Let to Morrisons Daily
10 year lease expiring 31.03.2028
2023 Break option not exercised
Asset Management Potential
In the Same ownership for approximately 17 years
Prominent central pitch
VAT-free investment
Investment let at £16,750 p.a. (9.85% giy on Guide Price)
Strapline
Auction Sale - 24/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Mixed-Use Retail/Residential opportunity comprising a ground floor retail unit and Two Bedroom self-contained flat to the upper parts, well located for the Shopping and Recreational amenities of Crawley Down and Crawley- Investment let at £16,750.00 per annum
Description
A Two Storey end of terrace building
Arranged as a ground floor shop unit with residential upper parts
The whole property is let on a single lease to Alliance Property Holdings Limited (t/a Morrisons Daily) on a 10 year lease expiring 31.03.2028 and producing £16,750 per annum. We understand the 2023 rent review is outstanding, offering immediate asset management potential, whilst the tenant also did not serve their 2023 break option, displaying confidence in the location.
Location
Located near to the junction of Station Road and Bowers Place
Shopping facilities can be found nearby in Crawley Down and to a further extent in the centres of Crawley and East Grinstead
The Surrounding Countryside provides a range of Recreational amenities to the area
Transport
National Rail- Crawley, East Grinstead
Tenancy
The entire property is let to Alliance Property Holdings Limited (t/a Morrisons Daily) on a 10 year lease expiring 31.03.2028 and producing £16,750 per annum.
The lease is on full repairing and insuring terms and we understand the 2023 rent review is outstanding. The tenant also did not exercise their 2023 break option, displaying confidence in the location.
Wm Morrison Supermarkets Limited act as Guarantor on the lease.
Alliance Property Holdings Limited
Morrisons took over approx. 1,100 McColl's Retail Group stores in 2022 via Alliance Property Holdings. The company is part of the Morrisons Group and have reported the below Turnover figures to date:
Auction Sale - 24/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Mixed-Use Retail/Residential opportunity comprising a ground floor retail unit and Two Bedroom self-contained flat to the upper parts, well located for the Shopping and Recreational amenities of Crawley Down and Crawley- Investment let at £16,750.00 per annum
Description
A Two Storey end of terrace building
Arranged as a ground floor shop unit with residential upper parts
The whole property is let on a single lease to Alliance Property Holdings Limited (t/a Morrisons Daily) on a 10 year lease expiring 31.03.2028 and producing £16,750 per annum. We understand the 2023 rent review is outstanding, offering immediate asset management potential, whilst the tenant also did not serve their 2023 break option, displaying confidence in the location.
Location
Located near to the junction of Station Road and Bowers Place
Shopping facilities can be found nearby in Crawley Down and to a further extent in the centres of Crawley and East Grinstead
The Surrounding Countryside provides a range of Recreational amenities to the area
Transport
National Rail- Crawley, East Grinstead
Tenancy
The entire property is let to Alliance Property Holdings Limited (t/a Morrisons Daily) on a 10 year lease expiring 31.03.2028 and producing £16,750 per annum.
The lease is on full repairing and insuring terms and we understand the 2023 rent review is outstanding. The tenant also did not exercise their 2023 break option, displaying confidence in the location.
Wm Morrison Supermarkets Limited act as Guarantor on the lease.
Alliance Property Holdings Limited
Morrisons took over approx. 1,100 McColl's Retail Group stores in 2022 via Alliance Property Holdings. The company is part of the Morrisons Group and have reported the below Turnover figures to date:
- 2023 - £931m
- 2022 - £463m
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