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House for sale
The Old Racecourse, Lewes, BN7 1UR
£2,450,000
The Old Racecourse, Lewes, BN7 1UR
£2,450,000
Our Summary
- There is potential to increase the annual income and develop areas further (subject to planning)
- 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
Description
The Old Racecourse in Lewes, a historic site dating back to 1730, is being sold as a unique opportunity to acquire the complete length of the iconic racecourse, along with one of the largest original buildings on site. The property has a rich history, having hosted royalty, celebrities, and racing legends, and has potential for increased annual income and further development (subject to planning). The Totalisator Building, a converted stable, has consent for a mixture of exhibition space, cafe use, and a bunkhouse, and has previously operated as a cafe/bar and equestrian facility. The property is situated in the South Downs National Park, within walking distance of the popular town of Lewes, and offers outstanding views in all directions. Other buildings and parcels of land are available for sale and let separately, including a 4/5 bedroom house, 12 stables, and six parcels of land.