No, this is not in Memphis, Tennesee! The name Gracelands refers to the nearby nursing home which you can see when you drive past on the A23 but the name has since changed.
This trig is not a concrete pillar but is actually a "bolt" part of the network of Passive Stations. There are 73 bolts in the T:UK database.
This bolt is also a YOSM (Ye Olde Survey Monument) which can be logged at GC45CC
The coordinates are for the bolt. The nano is one strides distance away. Access is via the old Brighton Road, not the A23. Satnav users use RH17 5SU.
About Ye Ole Survey Monuments
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Ye Ole Survey Monument (YOSM) is a captivating series of caches that pays homage to the remarkable legacy of OutForTheHunt's YSM series (GC45CC).
YOSM caches are strategically positioned at or near Trig Points. These triangulation stations have played a pivotal role as surveying landmarks, contributing to the mapping of expansive territories.
Some of these points, bearing historical significance, might now be situated on private land or have vanished with time. As a result, the caches are artfully placed in close proximity, reverently acknowledging the historical importance of these survey monuments.
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More information, bookmarks and statistics can be found at the YOSM Website
If anybody would like to expand the Ye Ole Survey Monuments Series, please do.
I would ask that you request a number for your cache first at www.yosm.org.uk
so we can keep track of the numbers and names to avoid duplication.