100 High Street, Morrisons and Travelodge Investment, Crawley

Newly completed property comprising a prime 75,240 sq. ft. Morrisons supermarket, 110 bedroom Travelodge hotel, two restaurants and 506 car parking spaces.

  • Crawley is the major commercial centre of West Sussex, located 35 miles from Central London and 3 miles south of Britain’s second largest airport, London Gatwick.
  • Anchored by the fourth largest national food retailer Morrisons, the Property is 100% occupied with leading quality limited service hotel operator Travelodge as the second principal tenant.
  • The Property provides a secure income stream with a weighted average unexpired lease term of 15 years at time of purchase
  • The Property is prominently located on the edge of Crawley’s main retail pitch in the town centre and is easily accessed by both public transport and the existing road network
  • All leases are on full repairing and insuring terms with 96.8% of the rents subject to 5 yearly inflation linked uplifts

 

Acquisition closed:

01/2016

Location:

51.116 North
-0.189 East

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