Summary - High Street, Deal, CT14 CT14 6EL
1 bed 1 bath Retail Property (high street)
Freehold retail with income and planning for residential conversion; best for cash buyers or investors..
Freehold high street retail with £21,000pa passing rent
Planning permission granted to create 1-bed residential + extension
3kW(p) solar array reduces running costs
Large ground-floor retail area; Victorian period features
Bathroom and fittings dated; refurbishment required
Only five years remaining on lease; lending likely limited
Very high local crime rate may affect insurance and lettings
Small plot size; tight rear/upper spaces for conversion
A rare freehold high street investment in Deal offering immediate income and clear conversion potential. The property is let on a five-year lease producing £21,000pa, providing an income stream while planning permission (ref 23/01009) allows conversion of the first floor and attic to residential with a rear extension and shopfront alterations. The existing Victorian façade and period features give strong curb appeal in a busy retail pitch close to the seafront and local amenities.
The building includes a large ground-floor retail area, small rear/upper rooms and a one-bedroom, one-bathroom potential flat once conversion is completed. Environmental credentials include a 3kW(p) solar system which will help reduce running costs. Broadband and mobile connectivity are strong, and flooding risk is low.
Important considerations for buyers: the current lease has just five years remaining, which will significantly restrict mortgage availability and could deter some lenders. The bathroom and some internal fittings are dated and will require refurbishment as part of any residential conversion or to maintain retail standards. The property sits in an area with very high recorded crime levels, which should be factored into tenanting and insurance decisions.
This is best suited to a cash buyer or investor comfortable with short leasehold security who can complete conversion works to unlock residential value, or an owner-occupier willing to manage refurbishment and local market risks. The planning consent materially increases future options but will require further capital expenditure to realize residential income.
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