The Wincheap, Wincheap, Kent

Description

The Wincheap B&B, Canterbury
Offers Over £750,000

The Opportunity –

The Wincheap Bed & Breakfast is a Four-Star guest house in the heart of Canterbury

Elegant, fully renovated Victorian building boasting many original features

Seven-bedroom property with five-ensuite letting rooms

Large 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 walls

With ancient origins, Canterbury is a cathedral city and ‘UNESCO World Heritage Site’, steeped in history, on a par with York, Edinburgh and Bath

Frequented by tourists throughout the year, the history of Canterbury cements its timeless popularity

One of the most visited cities in the UK

Canterbury 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 metre

There is sufficient room to build in the garden, the precedent has been set in adjacent properties, see the development section below

Internal Details –

Laid over four floors, the guest house provides the five ensuite letting rooms on the first and second floors

The 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 accommodation

The large basement with good head height is tanked throughout and currently used for storage, laundry and gym

Please see the attached floorplans for further information

External 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 area

Development Opportunities –

Subject to a successful planning application the existing property could easily be converted into numerous options, such as…
Two luxury apartments
Three apartments
Five holiday lets

Additionally, 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 house
Further letting rooms
Holiday let
Commercial property

Fixtures & Fittings –

All fixtures and fittings not personal to the vendors are included in the sale

Financials –

Adjusted Net Profits of £50,000 per annum

Full accounts are available upon request

Tenure –

The Wincheap B&B is offered to the market specifically for Offers Over £750,000 on a freehold basis

Offers subject to planning will be considered

This is a rare development opportunity to find a property in such good condition that offers significant uplift in value