Rare & Raw Warehouse | George Street

Hastings Old Town | TN34

£425,000

For Sale

Rare Find | Two Floor Raw Warehouse Space | Heart Of Hastings Old Town

raw warehouse in the heart of hastings for sale
Two floors of light-filled Grade II Listed space with views to the sea in the heart of Hastings Old Town. In need of renovation. 981-year lease currently for commercial use; the upper floor having 8 years remaining on a planning window to apply for permission to convert to residential use. Currently the two floors are unconnected but could be re-connected to create one vast space.

Architecture & Interior

Accessed from Hill Street these two floors of Georgian warehouse-style space are a rare find. Both floors are breath-taking open spaces with views of the sea and across the rooftops of Hastings Old Town. The upper floor has exposed gables and wooden beams (in need of appropriate insulation), a huge pulley mechanism from the time when this space would have been used to store goods. Georgian windows to two sides on the upper floor and possibly early Victorian windows to the second floor, wooden floors, brick fireplaces and much character detail. The property has recently been used by artists as studio space. With the right planning permissions this space could make the most remarkable live/work space with residential to the upper floor and studio space below.

981-year lease. C3 commercial use. Lapsed planning permission for residential use. There remains an 8-year window of opportunity to reapply to convert the upper floor to residential use. £2000 service charge per annum per floor which includes Buildings Insurance, water rates, centralised fire alarm system which is regularly serviced, general maintenance of the building. There is a schedule in place to carry out refurbishment work to the shared atrium entrance on Hill Street which will be put in place this year.

In The Neighbourhood

The property is in the centre of Hastings Old Town but offers a quiet eerie above the hustle of the popular street below which has become a hub for independent shops, cafes, pubs and restaurants. A few minutes’ walk to the beach and to Hastings Independent Gallery which attracts world-renowned artists and exhibitions. The iconic “Black Sheds” which have become synonymous with Hastings are nearby.

 Transport & Connections

Hastings Station is around 15 minute’s walk from the property with links to London Charing Cross, Waterloo East, London Bridge, Cannon Street, London Victoria and via Ashford International to London St Pancras International.

 

 

Probably built in the late 18th century. Brick and stone construction with wooden gables and tiled roof. Internal wooden support columns. Grade II Listed.

George Street, originally known as ‘The Suburb’; being outside of the town wall. By the 1780s Hastings had become a popular seaside resort, and the streets and pavements of the town were in urgent need of some control and maintenance. In 1789 the Hastings Improvement Act was given assent by King George III, and the Suburb was named after him as George Street. George Street was pedestrianised in 1987, the ​road​ being re-opened in1987. Many of the buildings retain the original Georgian windows on their upper floors.

A landmark in today’s George Street and next to this property at 68 George Street, is the open-air community space known as Butler’s Gap, so named because it lies between ‘Len Butlers Emporium’ (at no. 68) and the original ‘Butlers Famed Emporium’ (at no. 70); two establishments run by rival brothers after a family split. Until 1976 this had been the big four-storey warehouse of TW Barnes, the scrap dealers. But on 23 July that year it was ravaged by a major fire, and 60 firefighters with ten fire engines fought the blaze to stop it spreading to nearby properties. The street was closed to traffic for three months while preparations were made to demolish the building. The site was converted into Butler’s Gap in mid-1995.

George Street | TN34

ENERGY EFFICIENCY RATING

N/A

Energy rating

MATERIAL INFORMATION

Tenure:

Leasehold 980 Years Remaining

Service Charge:

£4200 PA

Ground Rent:

£100 PA with reviews at 333 years

Local Authority:

Hastings

Council Tax:

TBC

Approx Monthly Utility Bills:

TBC

* Property construction: Traditional Brick
* Utilities: Electricity, Water Supply, Broadband
* Gas Supply: No gas supply
* Electricity supply: Independently supplied (British Gas)
* Water supply: Mains connected
* Sewerage: Mains connected
* Broadband: Standard Download speed – 17mps; Upload Speed: 1mps (Ultrafast not currently available)  https://checker.ofcom.org.uk
* Mobile signal/coverage: Indoor – Three/EE Limited O2/Vodafone Likely. Outdoor – likely all major networks  https://checker.ofcom.org.uk

* Building safety: Full survey recommended
* Restrictions: Grade II listed – List Entry Number: 1043509
* Rights and easements: Entrance hall and starirs are both communal areas. Hours for commercial use between 8.00 AM and 11.30 PM.

* Flood risk: River and sea, very low risk. Surface Water, high risk.
* Planning permission: for the property itself and its immediate locality: https://www.gov.uk/search-register-planning-decisions. Please Note, an overage is payable to the freeholder for any successful application to convert the space to a full residential dwelling. Please speak to a memeber of the team for clarification.

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