A rare opportunity to acquire an excellent investment property comprising a terrace of three buildings converted to form four flats and two retail units with a side drive/parking yard areas with, in addition, development potential. N.B. The property immediately to the rear known as The Old Bakehouse, also providing investment/development opportunities is currently for sale.
A terrace of three, mostly 3 storey buildings, incorporating two ground floor retail units and four flats sharing a communal ground floor entrance, together with a side drive and car parking area along with a rear yard to the retail units.
* Asset enhancement opportunities
* Low current income (£58,820pax) considered reversionary
* Popular residential location close to Three Bridges station
* Potential to incorporate acquisition of 46, 48 & 50 Hazelwick Road
The property is located on the south side of Hazelwick Road towards its eastern end within a 100ms of the junction with Hazelwick Avenue East which forms part of the A2220 road forming one of the main roads out of the town centre of Crawley,
approximately 1 mile to the west. The immediate location is mainly residential with some mixed commercial including a parade of shops in nearby Three Bridges Road and Three Bridges mainline railway station (London to Brighton) is located on the south side of the A2220 approximately 300ms from the subject property.
Located in the heart of the Gatwick Diamond, Crawley is a vibrant and growing town situated equi distant between London and Brighton with a current population of approximately 106,000, extending to over 160,000 persons within a 10kms radius. Junction 10 of the M23 motorway is approximately 1 mile distant, offering direct access to Gatwick Airport and the M25 to the north and Brighton to the south.