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Land for sale
Wincheap, Canterbury, CT1
£750,000
Wincheap, Canterbury, CT1
£750,000
Our Summary
- The Wincheap B&B, CanterburyOffers Over £750,000The Opportunity –The Wincheap Bed & Breakfast is a Four-Star guest house in the heart of CanterburyElegant, fully renovated Victorian building boasting many original featuresSeven-bedroom property with five-ensuite letting roomsLarge west facing garden, and parking for eight cars, with further parking available in the garden (currently used for the motorhome)Location –As the names suggests The Wincheap B&B is on the road of its namesake, on the south-east side of Canterbury offering easy access to the A2 Ten-minute walk to the city centre, The Wincheap is less than 400m from the city wallsWith ancient origins, Canterbury is a cathedral city and ‘UNESCO World Heritage Site’, steeped in history, on a par with York, Edinburgh and BathFrequented by tourists throughout the year, the history of Canterbury cements its timeless popularity One of the most visited cities in the UKCanterbury is possibly one of the most sought-after cities in the UK to live, as a result, property prices regularly achieve over £5,000 per square metreThere is sufficient room to build in the garden, the precedent has been set in adjacent properties, see the development section belowInternal Details - Laid over four floors, the guest house provides the five ensuite letting rooms on the first and second floorsThe ground floor hosts the guests’ breakfast room at the front of the property, whilst the rest of the ground floor is devoted for the owners’ incredible accommodationThe large basement with good head height is tanked throughout and currently used for storage, laundry and gymPlease see the attached floorplans for further informationExternal Details – The Wincheap sit on a deceptively large plot, 9m wide and 40m deep, offering large garden, significant parking (up to ten cars) and a wonderful pergola with outside dinning and hot tub areaDevelopment Opportunities – Subject to a successful planning application the existing property could easily be converted into numerous options, such as…Two luxury apartmentsThree apartments Five holiday letsAdditionally, there is a fantastic opportunity to build a two-storey property in the garden, where a precedent has already been set and planning permission would be most likely to be granted, such a development could potentially be…Three-bedroom houseFurther letting roomsHoliday letCommercial propertyFixtures & Fittings –All fixtures and fittings not personal to the vendors are included in the saleFinancials – Adjusted Net Profits of £50,000 per annumFull accounts are available upon requestTenure – The Wincheap B&B is offered to the market specifically for Offers Over £750,000 on a freehold basisOffers subject to planning will be consideredThis is a rare development opportunity to find a property in such good condition that offers significant uplift in value
Description
The Wincheap B&B is a four-star guest house located in the heart of Canterbury, a UNESCO World Heritage Site and one of the most sought-after cities in the UK to live. The elegant, fully renovated Victorian building boasts seven bedrooms, including five ensuite letting rooms, and a large west-facing garden with parking for eight cars. The property is situated on a deceptively large plot, offering opportunities for development, including converting the existing property into apartments, holiday lets, or building a two-storey property in the garden. The property has been renovated to a high standard, with many original features retained, and has a strong financial performance, with adjusted net profits of £50,000 per annum. The vendor is seeking offers over £750,000 on a freehold basis, with offers subject to planning also being considered.