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Investment & PD Comp - ST Marks House
Investment & PD Comp - ST Marks House
Investment & PD Comp - ST Marks House
71 ACRE SITE SUITABLE FOR CARE HOME OPERATORS, MIXED-USE AND RESIDENTIAL DEVELOPERS
OPPORTUNITY
Unconditional offers in the region of £6,000,000 are invited for the freehold interest. The buyer
will benefit from the rent while East Sussex County Council are the tenant, and during this
time will be able to work on their designs and plans for potential conversion, extension or
redevelopment.
TENANCY
The property is let to East Sussex County Council at £364,925 pa (quarterly rent £91,231.25).
The term expires the end of 13th April 2023. The tenant is likely to remain for one more year
before consolidating into other accommodation, providing vacant possession for potential
redevelopment.
VAT
The property is registered for VAT and it is expected that the sale will be by way of a TOGC.
EXISTING AREAS
PLANNING
The site sits outside of the area for planning policy designations.
FURTHER INFORMATION
Should you wish to discuss further please contact:
Peter Coldbreath Max Perkins Martin Clark
t. 01293 441 309 t. 01323 437 901 t. 01273 876 216
m. 07850 518 269 m. 07947 373 545 m. 07771 780 708
e. pcoldbreath@shw.co.uk e. mperkins@shw.co.uk e. mclark@shw.co.uk
PROCESS
Bids are invited on or before 12 midday on Thursday 6th April 2023 and are to be addressed
to the sole agent, SHW, by email to mclark@shw.co.uk