4/4A, The Boulevard, CRAWLEY, West Sussex, RH10 1XX

Freehold Retail/Offices Investment
Conversion/Development Potential (stpp)
Current Rent Reserved £35,704 per annum.

Location:
The property forms part of this busy retail parade which is home to a range of both multiple retailers and local independent stores serving a densely populated immediate catchment. This busy retail area is north of County Mall and in the heart of Crawley, a busy commercial hub located next to Gatwick Airport. The town has great communication links that include the M23 motorway whilst public transport links on the town include local bus services and the main line rail connection at Crawley which is located less than a ½ mile walk of the property.

Description/Potential:
This mid terrace three floor building located next to Pizza Express Restaurant is arranged to provide ground floor retail space with offices above at first and second floor levels. The total internal area comprises some 1,746 sq ft with the entire currently utilised as retail offices at ground floor with office accommodation above. Clearly the space could continue to be utilised for commercial but may provide the opportunity to perhaps convert the upper floors for residential use subject to all necessary consents, purchasers considering this option are deemed to rely solely on their own planning enquiries.

Tenancies:
The Ground Floor Retail Space is let to Extrastaff Limited is let for 7 years expiring 12th May 2023 at a current rent of £22,500 per annum .
The First Floor Offices are let to Mr Suman (accountants) who is holding over on a license originally from 1st January 2016 at a current rent of £8,004 per annum
The Second Floor Offices are let to A1 Recruitment Limited who are holding over on a license at a current rent of £5,200 per annum

Note:
Clearly there is an opportunity to create value through management and updating the existing tenancies, alternatively if a prospective purchaser wishes to complete their purchase with full vacant possession please contact the auctioneers before the auction takes place.

Total Rent Reserved:
£35,704 per annum




Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.