This property is no longer on the market
Property
Key information
Property description & features
- Excellent potential for rental income growth
- Long term ground rent investment
- Secure rental income
Guide Price - Guide price of £2,250,000
Tenure - Subject to the Lease dated 3 August 2000
Photographs - The Photographs included within these particulars were taken 3 November 2020
Local Authority - Swale Borough Council -[use Contact Agent Button]
Viewings - Strictly by confirmed appointment with George Webb Finn
Sales Pack - Available on request includes-
Sale Particulars
Sale Plan
Leased dated 3 August 2020
Rent Memorandum
Planning Consent
Land Registry Titles
Location - The property is situated north west of Sittingbourne within the parish of Bobbing and is accessed off the Sheppey Way which runs parallel to the A249.
Description - The property extends to approximately 12.25 hectares (30.27 acres) and is subject to a Lease for a term of 99 years from 3 August 2000. The Tenant has the option to renew the Lease prior to the end of the Contractual Term for a further 60 years.
The current rent payable is £42,355 per year and was last reviewed with effect from 7 April 2020. The rent is reviewed in accordance with the Retail Prices Index every 5 years. The next rent review is due on 7 April 2025.
The property has planning consent (Application Number SW/98/1105) for crematorium and cemetery including Green Burials. The planning consent is dated 14 April 1999.
Under the Lease, an additional rent of 10% is payable in respect of gross fees received for conventional and/or green burials. The property includes approximately 6.25 hectares (15 acres) of land with planning consent for burials. The Tenant has not yet implemented burials at this property at this current time.
Method Of Sale - The Property is offered for sale by private treaty as a whole. The right is reserved to take the Property to auction or tender at a later date.
Hectares (& Acres) - The areas provided are for guidance only and are given without responsibility. Any intending purchaser(s) should not rely upon them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the areas.
Fencing & Boundaries - The purchaser(s) must satisfy himself on the location of the boundaries from the Land Registry plans and the Vendors deed plans (where available).
Rights & Easements - The Property is sold subject to and with the benefit of all rights including rights of way, whether public or private, light, support, drainage and electricity supply and other rights and obligations, easements, quasi easements and restrictive covenants and all existing and proposed wayleaves, masts, pylons, stays, cables, drains, water, gas and other pipes.
Plans - The plans and boundary notes provided by George Webb Finn are for identification purposes only and the purchaser(s) should satisfy himself on the location of external or internal boundaries prior to exchange of contracts.
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Property reference 30239163. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by George Webb Finn - Sittingbourne.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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