563 Sedlescombe Road North, St. Leonards-On-Sea TN37 7PB

Description

The site extends to approx. 1.31 acres.

NB. The amount of usable yard is lower than this accounting for the sloped sides to the quarry, the access road and the unused area to the east side of the site.

Location

The property is located on the northern edge of the towns of Hastings and St Leonards off the A21 which leads up towards Tunbridge Wells and the M25.

Hastings town centre is approximately 3 miles to the South with the centre of St Leonards being a similar distance away.
There are a mixture of uses in the surrounding area including residential housing in the immediate vicinity fronting the road either side of the site entrance, a trade builders' yard to the North and petrol filling station, supermarket to the west and hotel to the south.

Planning

We understand that the site has been used for many years as a concrete batching plant. The current tenant made a planning application in 2006 - to which consent was granted - to replace plant and machinery to the site and to alter the layout of the site. In that application they referred to the existing use as a concrete batching plant and ancillary facilities. We anticipate therefore that the established use from a planning perspective is as a concrete batching plant and ancillary facilities. Any other use is likely to require a planning application.

Tenancy Information

The property is let to Hanson Quarry Products Europe Ltd on a 25 year lease expiring 30 June 2027. We are advised that the passing rent is £35,000 per annum.

Hanson have closed the plant and advised that they do not intend to renew. They will be obliged to remove their equipment from the site ahead of expiry of their lease.

VAT

Rents and prices are quoted exclusive but may be subject to VAT.

Business Rates / Council Tax Band

Rateable Value (2023): £52,000

Legal Fees

Each party to bear their own legal costs incurred.

AML

In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.

This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.