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Sheppey Way, Bobbing, Sittingbourne

Guide Price
£2,250,000
Reduced on 10/03/2021
George Webb Finn LLP, Sittingbourne

Key features

  • Excellent potential for rental income growth
  • Long term ground rent investment
  • Secure rental income

Property description

We are delighted to offer for sale a rare investment opportunity of a property comprising The Garden of England Crematorium. The property is let to The London Cremation Company plc for a term of 99 years from 3 August 2000 at a current rent of £42,355 per year index linked. 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.

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 -

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 Vendor’s 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.

Brochures

BrochureSheppey Way, Bobbing, Sittingbourne

Sheppey Way, Bobbing, Sittingbourne

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kemsley Station0.8 miles
  • Sittingbourne Station1.6 miles
  • Newington Station2.1 miles
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About the agent

George Webb Finn LLP, Sittingbourne

43 Park Road, Sittingbourne, ME10 1DY

George Webb Finn LLP, Sittingbourne

If you are considering selling or renting your property or are looking for a new home we at George Webb Finn can offer the following:

* EXPERIENCE - Originally founded in 1840 we have been letting and managing RESIDENTIAL and COMMERCIAL properties and LAND throughout Kent for over 170 years, our experience and local knowledge cannot be surpassed!

* PROFESSIONALISM - We are regulated members of the Royal Institution of Chartered Surveyors (RICS), the National Association of Estate

More properties from this agent

Industry affiliations

Association of Residential Letting AgentsNational Association of Estate AgentsOmbudsman for Lettings Estate Agents

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Disclaimer - Property reference 30239163. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by George Webb Finn LLP, Sittingbourne. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Sittingbourne on 01795 605047.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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