Investment for sale in Deal

AUCTION PROPERTY A substantial detached building known as Ripple Down House and Annex, situated off Dover Road at Ringwould, which lies a few miles south of Walmer/Deal. Occupying a plot extending to 1.31 hectares (3.24 acres) it also includes The Straw building, Moot Hall and other outbuildings.

The property is currently occupied for educational purposes under a Licence to Occupy at a current licence fee of 2,777 per calendar month (equivalent to 33,324 per annum) until 31st August 2025 with the ability for the Licensor to end the Licence on or after 31st March 2025 upon giving one month's written notice. A copy of the Licence to Occupy will be contained in the legal documentation available to download from the Clive Emson website.

It is considered the existing property may be suitable for a variety of educational or other commercial uses or perhaps conversion to residential, subject to all necessary consents being obtainable. Equally, there may be potential to re-develop the entire site or perhaps some of the grounds while retaining Ripple Down House and Annex, again subject to all necessary consents being obtainable.

Main Building
Ground Floor
Side entrance hall/galley kitchen, dining room, second kitchen, washing up room/utility, W.C., Rooms 6, 10, 11 & 14 (Room 14 was originally two rooms) and main hall with stairs to first floor.

First Floor
Landing, Rooms 15, 17, 18 & 19, Room 23 (Art room) and Room 27 (Music room). Shower block comprising two shower cubicles and two W.Cs and two further shower rooms with W.Cs, wash room comprising shower cubicle and two W.Cs.

Second Floor
Landing, Rooms 29 & 30.

Basement
Cloakroom, wellie room, locker room, plant room and store room.

The Annex
Kitchen, wet room with W.C., shower block comprising two cubicles and two W.Cs, store room (tack room), training room, three bedrooms and further shower block with one cubicle and two W.Cs.

First Floor
Landing and two bedrooms.

Outside
Parking and grounds extending to 1.31 hectares (3.24 acres) including the detached Straw building, Moot Hall, tool store and other outbuildings.

EPC Information
EPC Rating D (83). Total floor area 864 sq.m.

Commercial EPC: D

Important:
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.

Price Information
*Guides are provided as an indication of each Seller's minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction). We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at www.cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.

*An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer. All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to www.cliveemson.co.uk/buyers-fees/