Property Description

For sale by AMG Property Sales via the iamsold Bidding Platform

Please note this property will be offered by online auction unless sold prior. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.

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: 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
Auctioneers Comments:
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Deposit of 2% of the purchase price, subject to a minimum of £6,000.00. The Reservation Deposit is used as part-payment towards the agreed purchase price.

In addition to their Reservation Deposit, the Buyer must pay an Administration Fee to the Auctioneer of 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 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.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

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.

Note:
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 firm's employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction auction and bids made prior the auction may be accepted by the vendors. iamsold 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.

This property was last updated: 3 days ago