Ground Floor Retail with vacant upper floor offices
Suitable for alternative uses and redevelopment subject to gaining the necessary consents
Price on application
Car parking to the rear
The subject property is located on Maidstone High Street close to the convergence of High Street, Week Street and Gabriels Hill. The property has excellent visibility and prominence onto the High Street, just off the prime retail area of Week Street and Fremlin Walk. Maidstone, the County Town of Kent is served by main line rail services at Maidstone East and Maidstone West to both London, Ashford International and the Coast with good road links to the M20 and M2.
The property comprises a grade II listed mixed use investment, with the ground floor comprising two fully let retail units. Both units are currently trading as Indian Restaurants. There are a further 3 storeys of office accommodations, which is currently vacant. There is potential for alternative uses and further development potential, subject to gaining the necessary planning consents.
Part Ground, Basement & First Floor (Left Side) Let to McColls at £36,500 pa on a 10 year Lease from April 2016 (Assigned - Indian Take Away)
Part Ground & Basement (Right Side) Let to Priya & Josline Indian Restaurant at £52,500 pa on a 25 year Lease from June 2022
Self-Contained First, Second & Third Floors Vacant Offices (7,555 sq ft) with Parking. Potential for Conversion into Residential/Hotel/Leisure - ERV circa £65,000 pa, in current condition
Price on application
Strictly by prior appointment through the Surveyors. Please contact Phil Hubbard e: phil.hubbard@sibleypares.co.uk or Thomas Langston e: thomas.langston@sibleypares.co.uk or our joint agent James Commercial.
Part Ground, Basement & First Floor (Left Side) £24,000 @ 49.9 p in the £ - £11,976 for the year 2023/24
Part Ground & Basement (Right Side) RV £58,000 @ 51.3 p in the £ - £29,754 for the year 2023/24
1st Floor RV £33,750 @ 49.9 p in the £ - £16,841.25 for the year 2023/24
2nd Floor RV £21,000 @ 49.9 p in the £ - £10,479 for the year 2023/24
3rd Floor RV £14,000 @ 49.9 p in the £ - £6,986 for the year 2023/24
Unless otherwise stated, all rents/prices are quoted exclusive of Value Added Tax (VAT). Prospective occupiers should satisfy themselves as to any VAT payable in respect of any transaction.
Property DESCRIPTION
For Sale - Grade II Listed Retail Investment with vacant upper floor offices, suitable for alternative uses subject to gaining the necessary consents.
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