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UNDER OFFER

The Mallings,
112 Malling Street,
Lewes,
East Sussex,
BN7 2RG

Investment, Development

6420 Sq Ft (596.42 Sq M)

Features

  • Established business centre. Lewes's principle business centre
  • Flexible accommodation offering a range of offices suites and small workshop units
  • Excellent parking provision - 36 spaces
  • The property sits on a plot of approximately 0.44 acres
  • Within ½ mile of Lewes town centre; within 1 mile of Lewes station
  • Excellent road access - located on the A26 - within 1 mile of the A27
  • Established commercial and residential location
  • Redevelopment options. Potential to change use / redevelop to residential (stp)
  • As of Dec 2020 the property was generating revenue of approx. £167,319 pa
  • Offers invited in the region of £1.65 million BEST BIDS BY 5PM WEDNESDAY 10TH MARCH 2021

Location

The property is located on Malling Street - which forms part of the A26 main road linking Lewes to Uckfield to the north - on the eastern side of Lewes.

Lewes Town centre is easily accessible within ½ mile to the west. Lewes station, with a regular and direct service to Brighton and London Victoria, is less than a mile to the west.

The A26 links with the A27 - the main south coast trunk road - approximately 1 mile to the south of the property.
The property is located in an established retail and commercial part of the town but which has recently seen a number of successful residential schemes.

Description

Freehold business centre investment with development potential

BEST BIDS BY 5PM WEDNESDAY 10TH MARCH 2021

Accommodation

The property comprises 2 principle buildings. To the front of the site is a 3 storey office block. To the rear of the site is a terrace of 5 industrial units.

The office building comprises a ground floor reception area. Each floor is split into a series of small office suites with a central corridor providing access. There are shared kitchen and
WC facilities. The industrial units are located to the rear of the site. These have been either partially or fully converted into offices.

The property sits on a plot of approximately 0.44 acres. Lane & Frankham have undertaken a measured survey which shows the buildings to have the following floor areas:

Office building
Lettable GIA
Ground floor 163.00 sq m (1,755 sq ft)

First floor 178.20 sq m (1,918 sq ft)

Second floor 178.20 sq m (1,918 sq ft)

Total 519.40 sq m (5,591 sq ft)

Gross Internal Areas
Ground floor 198.80 sq m (2,140 sq ft)

First floor 198.80 sq m (2,140 sq ft)

Second floor 198.80 sq m (2,140 sq ft)

Total 596.40 sq m (6,420 sq ft)

Industrial terrace (GIA)
Ground floor 405.20 sq m (4,362 sq ft)

All documents can be found on our microsite: https://www.flude.com/The-Mallings-Lewes

Planning

We understand that the property has been used predominantly for office and light industrial uses. These uses are categorised as "B1" uses under the former Use Classes Order and "E" uses under the new Use Classes Order that came into effect on 1 September 2020. We are of the view that the property has an established E (formerly B1) use. Interested parties are advised to make their own enquiries and satisfy themselves in this regards.

All documents can be found on our microsite: https://www.flude.com/The-Mallings-Lewes

VAT

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

Legal Fees

Each party to bear their own legal costs incurred.

Terms

Freehold.

For sale subject to the existing licences. The sale can be treated as a Transfer of a Going Concern. Offers invited in the region of £1,650,000. Best offers are invited by 5pm Wednesday 10 March 2021.

Please see letter attached to the end of thE details with instructions for submitting offers.

Energy Performance Rating

1-5 The Mallings (the industrial units) - Rating "E"
South East Business Centres Ltd (the office building - Rating - "D"

Key Contacts

Contact Photo

Andrew Halfacree

01273 740385

Contact Photo

Aaron Lees

01273 740387