Neptune Terrace Building, Marine Parade, Isle of Sheppey, Kent - Lease

Neptune Terrace Building, Marine Parade, Isle of Sheppey, Kent. ME12 2AW (Formerly used as a Storage facility and Office space)

Expressions of Interest for Lease

Swale Borough Council is seeking Expressions of Interest (EOI) from organisations to occupy, manage and maintain Neptune Terrace building, Marine Parade, with the objective being to secure income for Swale Borough Council and to optimise local economic and community benefit.

It 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. It has an EPC rating of D valid until 2033.

The building's gross internal area is approximately 76m2 (818.06ft2). Site Plan and a Location Plan enclosed

The building was previously occupied by a local organisation providing community services and has recently undergone some light refurbishment works. It is currently vacant.

The Council is seeking an experienced operator that will optimise the income revenue to the Council and or the economic and community benefit for the locality.

Responses to this invitation should be sent to KentBusinessPortal 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 / in the third quarter of 2025. 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.

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 e.g. 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 & loss forecasts and any surplus in addition to a cash-flow for at least 3 years, • Details relating to managing H & S 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 [email protected] if you require further information or to arrange to view the premises. Continue below.

Additional information: On receipt of the responses, the Council will evaluate responses with a view to appointing an organisation in June 2025 subject to agreeing final Heads of Terms.

The evaluation process will be as follows:

Evaluation criteria Maximum points Operating Model 30 Rent provisions 20 Financial Forecasts and Cash-Flow Information 20 Technical and professional ability 20 Health and Safety 10 TOTAL 100