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Expressions of Interest for Lease - Neptune Terrace building
This opportunity closes on Friday 30 May at 1pm.
The build was formerly used as a storage facility and office space.
We're seeking Expressions of Interest (EOI) from an experienced operator that will optimise the income revenue to the Council and or the economic and community benefit for the locality.
The opportunity involves occupying, managing, and maintaining the building.
The building is located a short walk from the High Street and train station in Sheerness. The building is adjacent to the beach with the rear outside space fenced by linked metal gates and sea defence wall. This single storey building comprises of two rooms with separate entrances. One room is predominately used for storage and the other for office.
The building was previously occupied by a local organisation providing community services and has recently undergone some light refurbishment works. It is currently vacant.
Location of premises
- Neptune Terrace Building
- Marine Parade
- Isle of Sheppey
- Kent
- ME12 2AW
EPC rating
Rating of D. This is valid until 2033.
Size
The building’s gross internal area is approximately 76 square metres (818.06 square foot).
Site Plan and a Location Plan enclosed.
Permitted use
The permitted use will solely be for the provision of delivering a service that will benefit the local economy and community. No other use will be permitted without the express consent of the landlord.
Applying
Responses to this invitation should be sent to Kent Business Portal and received by Friday 30th May 13.00pm.
Any proposals should assume that the lease for the building will commence within two months of offer or in the third quarter of 2025.
As a minimum, proposals should detail the following:
- details about the organisation making the proposal, including any relevant experience
- details of the preferred and acceptable lease period
- annual rent being offered to Swale Borough Council and/or any commercial offering, for example profit share etc.
- a business plan that demonstrates that the proposal is viable and sustainable for the duration of the lease
The following details should be included as a minimum
- proposed operating model
- marketing proposals
- details of how any maintenance repairs will be funded
- your organisations latest accounts covering the last two years or period that is available if operating less than two years
- financial projections demonstrating a strong viability, showing profit and loss forecasts and any surplus in addition to a cash-flow for at least 3 years
- details relating to managing health and safety statutory requirements
- details of any other innovative activities proposed to increase usage, occupation, income generation and economic and community benefit
- evidence of previous experience/operations of a similar nature
Please email evaharris@swale.gov.uk if you require further information or to arrange to view the premises.
On receipt of the responses, we will evaluate them with a view to appointing an organisation in June 2025 subject to agreeing final Heads of Terms.
The evaluation criteria will be as follows, with a total of 100 points:
- operating model, 30 points
- rent provisions, 20 points
- financial forecasts and cash-flow information, 20 points
- technical and professional ability, 20 points
- health and safety, 10 points