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£600,000

98, High Street, Maidstone, Kent, ME14 1SA

Full description

Vacant Retail unit and Offices with Investment or Development potential


  • Location: 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, at Jubilee Square. 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.
  • Accommodation: The property is an attractive Grade II listed building currently configured to provide ground floor retail accommodation (vacant) with self-contained first floor offices (currently let and occupied) and ground floor storage (currently let) plus further vacant rear parts. Retail Unit (Vacant) Ground Floor Frontage 6m (19ft 8") Depth 18.5m (60 ft 8") Retail Area 122.55 sq m (1,319 sq ft) Ancillary Store 5.61 sq m (60 sq ft) Basement 98.38 sq m (1,059 sq ft) First Floor Offices Net 106.14 sq m (1,142 sq ft) Gross 121.67 (1,309 sq ft) Ground Floor Retail (let to Corals) Retail Approximately 58.56 sq m (630 sq ft) Communal Hallway and Stairs Total GIA approx. 440 sq m (4,736 sq ft) Plus additional vacant space with development potential Approximate Gross 175 sq m (1,884 sq ft)
  • Terms: Freehold subject to occupational tenancies; Retail unit with basement - vacant FF offices - vacant from November GF retail - let to Coral Racing Ltd on a lease expiring 10 December 2023 at a rent of £4,250 per annum. Rent review and break on 11 December 2018.
  • Rent: Offers invited in the region of £600,000
  • Viewing: Strictly by appointment with the Surveyor please contact Phil Hubbard E: phubbard@sibleypares.co.uk or Alex Stanford 01622 673086 E: astanford@sibleypares.co.uk
  • Legal Costs: Each side to bear their own legal and professional costs
  • Rateable value / Council Tax: The rateable values with effect 1st April 2017 are as follows (poundage to be confirmed - applicants should make their own enquiries with Maidstone Borough Council) 98 High Street (Ground Floor) RV £32,250
  • VAT: All figures are exclusive of VAT which will be charged at the prevailing rate

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