HomeWorld NewsWhite Cliffs beach with a reserve price of a POUND sells for £192,101
White Cliffs beach with a reserve price of a POUND sells for £192,101
White Cliffs beach with a reserve price of just a POUND sells for nearly £200,000 because it is can be built on (though the sea covers a lot of it at high tide)
The area of Kent coastline is popular with tourists and a nearby property sold recently for £4m
The beach was previously used by the Royal Marines and has been sold at auction
Any future developer will have to deal with the beach being covered by high tide
There were bids from 14 potential buyers before it sold for £192,101
A beach by the White Cliffs of Dover that went under the hammer for just a pound has sold for nearly £200,000 but for developers any future property would have to overcome the danger of it being swept away at high tide.
There was a wave of enthusiasm in the bidding for the stretch of coastline by Kingsdown, Kent, that is a popular tourist area.
It went up for sale at auction on Wednesday with a guide price of just £1 but it attracted 396 bids from 14 different prospective buyers.
And it finally sold for £192,101.
The beach has one major drawback in that it is covered by water when the sea comes in at high tide
It is close to the iconic White Cliffs of Dover and for the right person it could have a lot of potential
The beach, which is 18.48 acres (7.48 hectares) in size, used to be a military shooting range used by the Royal Marines and dates back to 1856.
A four-bed, beach front property along the shoreline in Deal, Kent recently sold for £4million.
But the main drawback for this beach is that part is completely covered by the sea at high tide.
Max Mason, head of sales at 574, the auction arm of Lambert Smith Hampton estate agents, said: ‘We are exceptionally pleased with the result which was achieved following an incredibly competitive online auction.
Property close to the beach can be very expensive with a recent house sold for £4million
‘The guide price of £1 was designed to allow the market to find the appropriate value for the asset, which it certainly did, with four separate bidders in excess of £188,000.
‘We are pleased for the new owner of this fantastic and emblematic property and trust that they will act as a responsible custodian, helping to protect and enhance this famous coastline.’
Millions of people are set to stay and enjoy their holidays in the UK this year due to the COVID-19 pandemic.
The government’s traffic light system of grading countries has left many holidaymakers uncertain whether to risk booking a holiday abroad and then finding it has joined the list where it is necessary to quarantine on return.
The land was formerly owned by the Ministry of Defence and it was used for shooting practice
The freehold listing for the beach read: ‘Land for sale.