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Property FEATURES

• Mixed use investment
• 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

Grade II Listed Retail Investment with vacant upper floor offices (available To Let), suitable for alternative uses subject to gaining the necessary consents.

Mixed use investment

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

Property LOCATION

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