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Private listing

Single-let Government investment

Crawley, United Kingdom

89%

Upon request

Special purpose

Core

27 Oct 2020

#9891

Property Details

Authorized representative

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Fees

Upon request

Upon request

Upon request

Upon request

Upon request

Investment Overview

The property was the first purpose built detention centre in the UK and is ideally suited to its use given its close proximity to Gatwick International Airport. The property comprises 41,288 sq ft (3,836 sqm) arranged over ground and first floor. The property underwent a comprehensive tenant refurbishment in 2017. The property is single-let on FRI lease terms. The property is held long leasehold for a term of 999 years from 7 February 2005 at an annual rent of £1,000 until 31 December 2029, and a peppercorn rent thereafter.

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