2-4 Main Street, Dunloy, BT449AA

Starting Price* £235,000

Bidding available from
08th September 2022 16:00
until
08th September 2022 16:30

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Deposits & Charges Explained

Property Overview

For sale by AMG Property Sales via the iamsold Bidding Platform

We are delighted to offer for sale, this iconic property in the heart of Dunloy village, where the name of “Pappys” will always be synonymous with wholesome, quality baking. This well establish business will now be strategically focusing on the wholesale market and the retail premises and the flat above are therefore surplus to requirements. We are now offering the retail unit, café and first floor apartment for sale by private treaty. For those interested in continuing the current trade, Pappy’s will be happy to agree a supply arrangement and the very profitable café business can continue with the full complement of equipment, fixtures and fittings (subject to negotiation) This is a wonderful opportunity for those looking for a business opportunity, but it will also attract those with the imagination and inspiration to take on a new start in a prime retail location with built in living accommodation and plenty of potential.

The Cafe

The Café has become an intrinsic part of this thriving business and creates the buzz associated with a popular meeting place.

There is dedicated seating for eighteen, where a “Pappy’s” cake can be enjoyed with tea or coffee and a friendly chat. For those on the move the takeaway option is always a convenient solutioThe seating area is adjacent to the bakery counter with it’s well stocked shelves and modern display and serve over cabinets and counters. There is a hot food counter with preparation and cooking facilities (A list of equipment, fixtures and fittings can be viewed elsewhere in the brochure.)

For those seeking to build on the established café business a portion of the balance sheet can be viewed subject to completion of an NDA.

Bakery & Ancillary Areas

To the rear of the Café but with a largely unused retail frontage, is the engine room of the operation. Here we have the well equipped bakery, preparation and store rooms. There is a yard to the rear, housing the freezer bay and providing access for deliveries.

The intention is to remove the bakery equipment and to relocate to the wholesale operation, however the vendor will negotiate should that be a requirement of a prospective purchaser.

By amalgamating these areas with the existing retail space, we have approximately 1200 sq. ft. of potential retail space with an additional window providing a double frontage to the Main Street. This offers exceptional potential for those with their own plan to utilize the retail potential of the property.

The Main Street frontage is approximately 50 feet and with a second shop window this would open up valuable retail space or provide room for the existing café to grow and the signature brand could be retained by arrangement.

The Apartment

The first floor two bedroom apartment will provide a well proportioned range of accommodation with a separate Main Street entrance. This area provides even more potential and could be incorporated into the commercial space or used as an ancillary area to the current operations.

As an apartment the purchaser can enjoy the additional investment income, or we could have a live in owner seeking to benefit from accommodation savings.

Lounge (16’0” x 16’0”) with wood laminate floor and dual window aspect

Kitchen (15’9” x 13’2”) high and low units with integrated hob & oven. Laminated work surface with stainless steel sink inset. Good dining space.

Shower Room (8’6” x 6’6”)

Bedroom 1 (11’9” x 10’6”)

Bedroom 2 (11’5” x 10’6”)

Roof Terrace/Fire Escape, providing a large outside social area.



Equipment, Fixtures & Fittings

Shop & Cafe

Merrychef Oven

Coffee Machine

Griddle (1200 x 600)

Hot & Cold Serve Over Counters

Cooker

Fridge

Selection of Prep Benches

Pattiserie Counter

Bain Marie

Dairy Cabinet

Tables & Chairs

Freezers

Available subject to negotiation

Bakery

All equipment, fixtures and fittings in the bakery will be removed, unless otherwise negotiated.

Additional Information

Dimensions

The ground floor space is c.1200 sq. ft. A breakdown of individual areas is available on request.

Accounts

The business and brand known as “Pappys” is not for sale and no accounts or balance sheets related to same will be available. Figures relating to the Café will be available subject to the completion of an NDA.

Tenure

Tenure: Freehold
Annual Rates: £3,011.83

Commercial c.£2,500

TO VIEW OR MAKE A BID Contact AMG Property Sales or iamsold NI, www.iamsoldni.com

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Unconditional Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.

The buyer is also required to make a payment of a non-refundable, part payment 10% Contract Deposit to a minimum of £6,000.00.

In addition to their Contract Deposit, the Buyer must pay an Administration Fee to the Auctioneer of 1.80% of the final agreed sale price including VAT, subject to a minimum of £2,400.00 including VAT for conducting the auction.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

Terms and conditions apply to the traditional auction method and you are required to check the Buyer Information Pack for any special terms and conditions associated with this lot.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Please contact us for more information about this property.

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AMG Property Rental Services

Local Branch: A M G Property Sales & Rentals, BALLYMONEY, BT53 6AL
Head Office: A M G Property Sales & Rentals, BALLYMONEY, BT53 6AL

Deposits & Charges Explained

2-4 Main Street, Dunloy, BT449AA

This property is sold unconditionally with the successful purchaser required to place a 10% (minimum £6,000.00) non refundable contract deposit and exchange immediately after the auction.

A buyers administration fee of 1.80% (to a mininum of £2,400.00) including VAT is also required under this method payable by the successful bidder in addition to their winning bid.

This property is being sold under the Traditional Method of Auction, which requires immediate exchange of contracts and allows a further 28 days for completion.

Bidder Security Deposit

Where the auction is ran online, as part of the bidder registration process, a bidder security deposit of £6,000.00 is required to be pre-authorised from the Bidder's debit or credit card, through the payment facilities on the website when registering to bid.

A bidder also has the option of paying by Bank Transfer to iamsold's client account, or over the phone card payment. A bid registration will not be approved by iamsold until in receipt of the Bidder Security Deposit in cleared funds.

The pre-authorisation payment will only be captured from the successful bidder on acceptance of their bid.

Once a bid is accepted the Bidder Security Deposit will form part of the non-refundable payment contract deposit and administration fee.

Any balance of the Contract Deposit or administration fee, must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid.

The outstanding balance can be paid by same day Bank Transfer to iamsold's client account, or over the phone by debit or credit card.

All unsuccessful bidders will have their pre-authorisations released 7 days from the initial authorisation or their bank transfer or card payment refunded within 5 working days of conclusion of the auction or from when iamsold is provided with the correct bank account details for the return payment.

Bidder Registration Fee

Where the auction is ran online, all bidders are required to pay a non-refundable £50.00 (inclusive of VAT) registration fee, per property that they register to bid on.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

 

Need More Information?

For further information or to speak to one of our team, please call 028 9560 8380.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.

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