The Old Racecourse, Lewes, BN7 1UR

Property Details: • Type: 7,238 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Historic old Racecourse in Lewes • Mixed Use Freehold Sale • Picturesque setting within the South Downs National Park • Potential to increase income and develop the site further (Subject to Planning) • Other buildings and land available by separate negotiation

Location: • Nearest Station: Cooksbridge Station • Distance to Station: 1.6 miles

Agent Information: • Address: 51 Old Steyne, Brighton, BN1 1HU

Full Description: DescriptionThe Old Racecourse is an important part of Lewes history that dates back to 1730 and helped sustain the local economy for centuries until it closed in 1964. Royalty, celebrities and racing legends were all regulars during this time. Whilst the land can be purchased as individual parcels, this is an exciting opportunity (the first since closure) to acquire the complete length of this iconic racecourse along with one of the largest original buildings on site. There is potential to increase the annual income and develop areas further (subject to planning).   Formed from the historic ‘bookies halls’ which were converted into stables after the racecourse closed, The Totalisator Building now has consent for a mixture of F1(e) exhibition space, E(b) cafe use and a Sui Generis ‘bunkhouse’. Several exhibitions have been carried out within the building which has also operated as a café / bar providing refreshments to local walkers, runners, cyclists, riders and families. Stable doors have been retained catering for an equestrian use to be resumed if desired. The commercial parts cover the footprint of five cottages and are bookended by two existing cottages at the southern end and another at the northern end.In summary this is a rare opportunity to acquire a totally unique historic site high up in the South Downs National Park with outstanding views in all directions but within walking distance from one of the most popular towns in Sussex.Other buildings are available for sale by separate negotiation, including a 4/5 bedroom house with 3 bedroom annex and 12 stables. In addition there are 6 parcels of land that are also available for sale. More information on request. Parts of the Old Racecourse are also available to let on a new lease, in particular the Exhibition and Cafe space, which is currently vacant.LocationLewes is a historic market town in the South Downs National Park and is a popular place to live and visit. It has maintained a unique character with an interesting range of independent and antique shops attracting the locals and wider community. There is a monthly farmers market and a wide range of popular cafes, old inns, pubs and restaurants. Occupiers within the town include Newlook, Mountain Warehouse, Lloyds Bank, Pizza Express, Depot Cinema, and supermarkets such as Waitrose and Tesco. Brighton is eight miles away and easily reached by a regular bus and train services. Famous nearby landmarks include the chalk cliffs at Beachy Head and at Seven Sisters Country Park and wonderful gardens to include Sheffield Park, Nymans, Leonardslee and Borde Hill.Business Rates and Council TaxManhattan Cottage 1 - Council Tax Band AManhattan Cottage 2 - Council Tax Band BBunkhouse - TBCExhibition and Café Space - TBCGrooms Cottage - Council Tax Band AEPC'sManhattan Cottage 1 - C73Manhattan Cottage 2 - C73Bunkhouse - TBCExhibition and Café Space - TBCGrooms Cottage - C77Tenure / IncomeManhattan Cottage 1 - Let for £1,650 pcmManhattan Cottage 2 - Let for £1,700 pcmBunkhouse - Vacant possession (also available To Let)Exhibition and Café Space - Vacant possession (also available To Let)Grooms Cottage - Let for £1,350 pcm (underlet so potential to increase)Total income £56,400 per annum approx.Land6 parcels of land available by separate negotiation Prices from £120,000 - £875,000