£12 million Crawley double sale for Hanover Green

The sales of TUI Travel House and 117-119 High Street, Crawley have been completed for over £12 million. F & C REIT acquired Rocksprings TUI Travel House for £7.6 million representing a NIY of 6.4%. Close to Gatwick Airport, the 25,569 sq ft freehold office is the HQ of First Choice Travel and is let on a lease to 2029 at £20.18 psf overall.

117-119 High Street was sold to Luton Borough Council by Aviva for £4.32 million representing a NIY of 8.6%. The 18,500 sq ft offices are let to Stevensdrake Solicitors to September 2027 at £21.26 psf overall.

Hanover Green represented the vendors, Rockspring and Aviva on the sales.

 

Contact us

Hanover Green LLP
Sackville House
40 Piccadilly
London W1J 0DR

T: +44 (0) 20 3130 6400
E: sholmes@hanovergreen.co.uk

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