A beach on the White Cliffs of Dover that went under the hammer for just a pound sold for nearly £ 200,000, but for developers, any future property would have to overcome the risk of being washed away at high tide.
There was a surge of excitement when the tender for the coastline of Kingsdown, Kent, which is a popular tourist area.
It went up for auction on Wednesday at a target price of just £ 1 but attracted 396 bids from 14 different potential buyers.
And it eventually sold for £ 192,101.
The beach has one major disadvantage that it is covered by water at high tide
It’s close to the iconic White Cliffs of Dover and for the right person it could have a lot of potential
The beach, which is 7.48 hectares, was once a Royal Marines military rifle range and dates back to 1856.
A four bed hotel on the beach along the coast in Deal, Kent, was recently sold for £ 4 million.
But the main disadvantage for this beach is that Part is completely covered by the sea at high tide.
Max Mason, Sales Director at 574, the auction arm of real estate agents Lambert Smith Hampton, said: ‘We are extremely pleased with the result, which has been achieved after an incredibly competitive online auction.
A property near the beach can be very expensive as a house recently sold for £ 4 million
“The guide price of £ 1 was designed to allow the market to find the fair value for the asset, which it sure did with four separate bidders over £ 188,000.
‘We are delighted for the new owner of this fantastic and emblematic property and trust that, as a responsible manager, he will contribute to the protection and improvement of this famous coastline.’
The government’s traffic light system for classifying countries has left many vacationers unsure whether to risk booking a vacation abroad, and then found they were on the list that requires quarantine on return.
The land was formerly owned by the Department of Defense and used for target practice
The property offer for the beach read: “Land for sale.
“Kingsdown Rifle Range, Undercliff Road, Kingsdown, Deal, Kent, guide price £ 1.”
“Key Features” include that it is “Coastal Land within the Chalk Cliffs of Dover” which is an Area of Outstanding Natural Beauty.
It also confirms that it is a “former shooting range” and “for development (subject to planning)”.
The full listing reads: “The property is located in Kingsdown, Kent, a small village about 10 km northeast of Dover.
‘The city is popular with seasonal tourists and is part of the White Cliffs of Dover, so the area has a high number of visitors in the summer months.
The northern part of the beach, which is grassland, would be best for development
‘The property is accessed via Oldstairs Road and is adjacent to Undercliffe Road in the northern section.
“The Walmer and Kingsdown Golf Club is located immediately west of the property next to several high quality residential properties on the cliffs.”
It indicates that the northern part of the beach would be best suited for development.
It states: “The concession area consists of a former military firing range on the coast and is now a beach and shoreline area next to the White Cliffs of Dover.
‘The property itself is part of the Dover to Kingsdown Site of Special Scientific Interest and part of the Area of Outstanding Natural Beauty.
“The area includes a narrow stretch of beach to the southern end, which is covered by the sea at high tide.
“The northern part of the site is wider and includes a beach, flat grasslands and some marine defenses.
‘The property may be suitable for development in this area (subject to obtaining the necessary permits).’
The beach went under the hammer after it was sold by the Department of Defense.