Retail in CT14

Beach Street, Deal, Kent, CT14 6HY

Brochure

Tenure: Freehold

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Starting bid£600,000

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Key Information

Parking: None

Property features

Premier Location
2 Storey 2 Bed Apartment with Separate Access
Versatile 3 Storey Layout
Spectacular Sea Views
Ground Floor Retail Premises
Opposite the Beach & Historic Pier
Great Transport Links to London

Retail in CT14

For sale via secure sale online bidding - terms and conditions apply.

Welcome to a rare opportunity to invest in a Deal Seafront Landmark. This commercial and residential property would provide 2 income streams with the retail outlet on the ground floor and a separate 2-bedroom apartment above. This property has plenty of character and spectacular sea views.

Deal locals and holidaymakers alike will instantly recognize this striking seafront landmark.

Now you've got a chance to purchase this spacious and versatile period property, which has a history dating back hundreds of years.

THE PROPERTY -

The ground floor is currently being used as a retail business, with a 2-bedroom accommodation above that has internal and separate street access, allowing flexibility for your rental or own use plans.

OPPORTUNITIES -

There are many ways you can utilise and benefit from additional income:

Rent out both areas of the property with a potential of 13.3% + ROI

Live in and run your business from the ground floor outlet.

Live in and rent out the shop to bring in additional income.

Run your business from the ground floor and rent out the accommodation, either as a (BTL) Buy to Let or (FHL) Holiday Let which would also provide you with your very own seaside getaway!

**The final purchase price will be split across the two separate titles as follows:**

Freehold @ 35% (The Retail Outlet)

Leasehold @ 65% (The apartment)

The location is perfect if you decide to enter the lucrative holiday let market to take advantage of the UK ‘staycation’ boom and will attract a premium rate all year round.

The unbeatable, prominent position will give any business high exposure, looking to serve locals and tourists on the seafront, opposite the historic pier.

Please get in touch today so we can discuss the full ROI opportunities and arrange your private viewing. Holiday let consultancy is also available if you are new to the industry and not sure where to start.

It’s less than 90 minutes from London, giving access to millions of potential guests looking for a convenient coastal getaway. Deal Station is only a few minutes’ walk, and the town car park is located behind the premises. Perfect for both shoppers and guests.

STEP INSIDE -

The whole property is dripping in period charm, with exposed ceiling beams throughout and gorgeous casement windows in the two ground floor bay windows. It really is unique!

The first floor includes a spacious lounge & dining room with a fireplace and raised bay window to the front, giving wonderful sea views.

The kitchen at the rear is homely and welcoming, combining the best of old and new. There’s plenty of space for a dining table or perhaps a kitchen island.

There’s also a shower room on this level.

The top floor has two double bedrooms, the front bedroom giving wonderful sea views. And there's a handy separate WC.

OUT AND ABOUT -

This imposing three storey end terrace sits at the gateway from the seafront to the narrow streets that make up Deal’s Middle Street Conservation Area.

The traditional character and feel of the ‘smugglers lanes’ have been preserved, surely one reason why this is such a well-loved & popular part of this historic maritime town.

There’s an awful lot of history contained in these higgledy-piggledy streets, plus many fantastic seafood restaurants, independent shops, pubs & cafes. Not to mention a selection of galleries and antique shops which cater for a discerning clientele.

Do you dream of adding to the fabulous range of attractions or creating a superb place to live and enjoy the best that Deal has to offer? Or both?

The promenade is great for a brisk morning walk with the sunrise or an evening stroll - it extends around a mile to the north towards the golf club or south down to Walmer.

If you prefer country walks and historic sites to strolls along the prom, there’s plenty of choice nearby, including Walmer Castle and the nearby Deal battlements.

For those who favour walks over immaculately mowed fairways and manicured greens, there’s the Royal Cinque Ports and Walmer & Kingsdown golf clubs.

Royal St George’s, Sandwich (which has hosted 15 Open Championships, dating back to 1894) is less than a 20-minute drive away.

This coastal location means you or your short-stay guests may want to use it as a base for foreign day trips. Both the port at Dover and the Eurotunnel terminal at Folkestone are only a short drive away.

Description

This commercial and residential property would provide 2 income streams with the retail outlet on the ground floor and a separate 2-bedroom apartment above.

Location

The location is perfect if you decide to enter the lucrative holiday let market to take advantage of the UK ‘staycation’ boom and will attract a premium rate all year round.

Tenure

Freehold & Leasehold - Titles; K837632 + K62422

EPC

Ratings - C & D

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

Please log in to view and download the legal pack files.

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