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£550,000

317, Tonbridge Road, Barming, Maidstone, Kent, ME16 8NH

Full description

Shop and flat investment for sale Barming


  • Location: The property is prominently located on Tonbridge Road, Barming with return frontage to Western Road approximately 1.5 miles East of Maidstone Town Centre, opposite Esso/Tesco Express. The area is predominantly residential with limited commercial retail operators nearby
  • Accommodation: Retail Frontage 33 ft 1" (10.08 m) Depth 39 ft 7" (12.07 m) Retail Area 1,146 sq ft (106.45 sq m) Lower Ground Floor Store 257 sq ft (23.87 sq m) First Floor Office 159 sq ft (14.73 sq m) Residential 317A - 1-Bed Flat - First Floor - 445 sq ft (41.30 sq m) £500 pcm 317B - 3-Bed Flat - First Floor - 758 sq ft (70.47 sq m) £550 pcm 317C - 1-Bed Flat - Duplex - 429 sq ft (39.86 sq m) £475 pcm
  • Terms: Tenancy Information Retail area is vacant. All flats let on 6 month ASTs now periodic tenancies - further details upon request. Full vacant possession can be given
  • Rent: £550,000 for the freehold subject to the occupational tenancies VP can be given) ERV £22,000 for the shop and current income £18,300 pa for the flats
  • Viewing: Strictly by appointment with the Surveyor. Please contact Phil Hubbard E:phubbard@sibleypares.co.uk T:01622 673086
  • Legal Costs: Each side to bear their own legal and professional costs
  • Rateable value / Council Tax: Shop - £15,000 @ 48.4p in the £. Rates payable £7,60 for the year April 2016/2017. New RV with effect 1st April 2017 is £17,250. All flats are Council Tax Band B
  • VAT: All figures are exclusive of VAT which will be charged

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