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Griffin House 135-143 High St 38,865 sq ft 100% Let Office Property Crawley RH10 1DQ £2,790,000 (£71.79/sq ft) 11.29% Net Initial Yield

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Investment Highlights

  • Multi-let office building

Executive Summary

Griffin House presents a rare opportunity to acquire a high-yielding freehold office asset with significant redevelopment potential in one of the South East’s most strategically positioned towns. Located near London Gatwick Airport, this multi-let office building spans basement, ground, and four upper floors, offering a flexible footprint for investors seeking both income and upside.
The property benefits from established office occupancy and a robust car parking provision, while its adjacency to a converted building sets a strong precedent for alternative uses. With permitted development rights in place, Griffin House is ideally suited for transformation into residential units, budget hospitality, or self-storage—each supported by Crawley’s growing demand and infrastructure.
The offering reflects a net initial yield of 11.29% and a capital value of just £91 per square foot (NIA), underscoring its value proposition in a market where repositioning opportunities are increasingly sought after. Crawley’s connectivity via rail, road, and air—alongside its proximity to London and Brighton—further enhances the asset’s appeal to developers and long-term holders alike.
This is a prime chance to secure a versatile, income-producing property with clear pathways to value creation.

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
38,865 sq ft
Costar Property Class
B
Year Built
1996
Price
£2,790,000
Price per sq ft
£71.79
Yield
11.29%
NOI
£314,991
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
7,085 sq ft
Plot ratio
1.46
Total Plot Size
0.61 ac
Parking
119 Spaces (3.06 Spaces per 1,000 sq ft Leased)

Amenities

  • Bus Route
  • Controlled Access
  • Security System
  • Wheelchair Accessible
  • Accent Lighting
  • EPC - D
  • Air Conditioning
  • On-Site Security Staff
  • Raised Floor System

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 4th Fl-Ste South
  • 3,232 sq ft
  • Office
  • Partial Fit-Out
  • 30 Days

The spacious fourth floor South Suite is now available. This top floor suite is light open-plan and has far reaching views. The office space is carpeted throughout and includes a large kitchen and 5 meeting rooms.

  • 4th Fl-Ste West
  • 1,706 sq ft
  • Office
  • Partial Fit-Out
  • 30 Days

Access to Griffin House is through the impressive glass atrium which leads into the ground floor reception area. There are two modern lifts up to the fourth floor where the lobby, male/female and disabled toilets have been redecorated. Key fob access control provides entry to the suite.

Space Size Space Use Condition Available
4th Fl-Ste South 3,232 sq ft Office Partial Fit-Out 30 Days
4th Fl-Ste West 1,706 sq ft Office Partial Fit-Out 30 Days

4th Fl-Ste South

Size
3,232 sq ft
Space Use
Office
Condition
Partial Fit-Out
Available
30 Days

4th Fl-Ste West

Size
1,706 sq ft
Space Use
Office
Condition
Partial Fit-Out
Available
30 Days

4th Fl-Ste South

Size 3,232 sq ft
Space Use Office
Condition Partial Fit-Out
Available 30 Days

The spacious fourth floor South Suite is now available. This top floor suite is light open-plan and has far reaching views. The office space is carpeted throughout and includes a large kitchen and 5 meeting rooms.

4th Fl-Ste West

Size 1,706 sq ft
Space Use Office
Condition Partial Fit-Out
Available 30 Days

Access to Griffin House is through the impressive glass atrium which leads into the ground floor reception area. There are two modern lifts up to the fourth floor where the lobby, male/female and disabled toilets have been redecorated. Key fob access control provides entry to the suite.

  • Listing ID: 38306733

  • Date on Market: 03/11/2025

  • Last Updated:

  • Address: 135-143 High St, Crawley RH10 1DQ

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