Property for sale

Broad Street, Deal, Kent CT14

For sale by Modern Method of Auction; Starting Bid Price £225,000 plus Reservation Fee.

Mixed Use Commercial Investment!

Miles and Barr Commercial are delighted to bring to the market this mixed use commercial investment situated in an area of high footfall.

The ground floor retail premises comprises a retail sales area with generous shop windows, and a basement available for storage. The current tenants are a thriving business keen to stay at the property on a rolling contract of £650pcm.

The one bedroom maisonette flat is accessed via a separate door to the right hand side of the property. Upon the top of the staircase, you will be greeted by a generously sized kitchen and lounge, with the second floor comprising a bathroom and bedroom. The flat is currently rented at £800pcm.

Auctioneer Comments:
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300 inc VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7,080 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.

Identification Checks
Should a purchaser(s) have an offer accepted on a property marketed by Miles & Barr, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service to verify your identity. The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Location Summary
Deal is a town situated in Kent, which lies on the English Channel, eight miles north-east of Dover and eight miles south of Ramsgate. This former fishing and mining town became a 'limb port' of the Cinque Ports in 1278 and grew into the busiest port in England. In 1968, “Middle Street” was the first Conservation Area in Kent, its quaint streets and houses a reminder of its history along with many ancient buildings and monuments including, most notably, Deal and Walmer Castles . Today it is a seaside resort with its award-winning High Street, high-speed train Links to St Pancras and independent shops. An array of cafes and pubs sit along the picturesque seafront that is home to a sweeping pier.

Retail Sales Area

5.3 x 2.9

Basement Storage

5.3 x 3.7

Basement WC

1.1 x 1.5

First Floor Lounge

4.1 x 3.2

First Floor Kitchen

3.2 x 2.5

Second Floor Bedroom

2.9 x 4.2

Second Floor Bathroom

3.1 x 2.6