Retail property (high street) for sale
Property description & features
- Tenure: Freehold
- Business opportunity
- Self contained residential unit
- Scope for expansion
- Positioned a short step away from the beach
- Viewing is highly recommended
- Potential for either expansion or redevelopment (STPP)
We are pleased to offer to auction this business opportunity with self-contained residential unit, existing business with scope for expansion or redevelopment into several units, longstanding business.
The property, business, equipment and stock at value is available for sale on a freehold basis.
Positioned a short step away from the beach this longstanding and popular business offers tremendous potential for either expansion or redevelopment of the extensive premises.
We understand that the current owner is willing to include the benefit of the existing business, sale of beach goods, ice-cream etc. within the freehold sale and we are told that this provides a good seasonal turnover with healthy net profit – we have been unable to verify the business viability and advise all interested parties to seek further independent confirmation.
The current arrangement may suit someone looking for a business with living accommodation above or investor looking to further exploit the potential on offer.
Alternatively, as a multi-functional premises, subject to the necessary change of licensing, opportunity may exist for a Take-Away, Airbnb, holiday home by the sea (literally steps from the sand, sea and shops).
Viewing is highly recommended – strictly by appointment, to fully appreciate the full scope of this property.
Please note we have not inspected this property.
Rooms
Location
Situated within the very centre of Dymchurch, this popular coastal resort attracts thousands of visitors, positioned in arguably the best location with direct sea views from the upper balcony, and with an excellent trading position directly opposite the main entrance to the beach. Dymchurch attracts thousands of holidaymakers, tourists, day-trippers daily and, being so close to other attractions, makes it an extremely desirable location. There is huge expansion and growth in the area which will attract even more footfall to the village.
Accommodation
Built over three floors, basement storage fronting the main road, ground floor trading area with frontage onto the beach slip-way and upper residential use over two floors currently allowing for a generous two bedroom, two bathrooms apartment. Further space exists on the upper floors – currently used as storage, to convert into an additional residential unit with approved plans available for consideration.
In addition to the business premises the upper floors provide for a generous sized self-contained two bedroomed apartment with large balcony having sea views, we understand that this has been successfully rented out providing an income of £14,400/pa. Further storage space also exists at this level with potential for an additional flat.
Tenure
Freehold. Title number K600956.
Rateable Value
The current rateable value is £10,250 (1 April 2023 to present).
Sourced from VOA.
EPC
Shop: We are awaiting a copy of the energy performance certificate.
Flat: Rating D (available upon request).
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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