We are very proud to announce that we have completed the acquisition of 15-29 The Broadway in Crawley, taking our portfolio of London-owned properties for conversion to eight. In addition, industry publication Property Week, has taken notice of our achievements and placed a feature on our latest purchase.
The Broadway sits in a central location in the West Sussex town of Crawley. With London less than 40 minutes away, and the stunning coastal town of Brighton just a 30 minute drive, it’s no surprise that the area is proving a great option for a new home. Crawley not only offers exceptional heritage, but also brilliant leisure and shopping facilities, as well as many open green spaces. It is also just 20 minutes from Gatwick airport, making international travel incredibly convenient.
We acquired the vacant building for £2.8 million and will redevelop it over the next 18 months into a 5-storey, 60,000 sq ft residential building housing 78 studio, one-bed and two-bed apartments suitable for single tenants, couples, small families and the elderly.
The ground floor will remain as a retail unit which can be divided into smaller units but will also accommodate a residents entrance lobby, cycle and bin stores. As with all of our office-to-resi conversions, each unit will include high-spec, high-tech fixtures and fittings.
The major difference with The Broadway, and what we feel you will appreciate in particular, is that every apartment will have itsown private balcony or terrace and the redeveloped building will also include a large south facing private communal terrace on the 5th floor for residents, providing a social space for people to connect, meet and interact.
“15-29 The Broadway is an attractive proposition not just for first time buyers looking to take that first step on the property ladder, but also for real estate investors looking to invest in London’s affordable private housing market,” explains Martin Skinner, CEO of Inspired Asset Management and Inspired Homes.