Key Information
Location
Maidstone, Kent
Planning Status
Unconditional
Price
£2,000,000 - Offers Over
Description
Investment/Development Opportunity
Contact
Overview
The property is split into two separate buildings, referred to as Frederick House & 28 Brewer Street.
Frederick House is a three-storey office building, comprising a mix of 7 office suites, currently let to a mix of 6 tenants, producing an annual gross income of £73,200, exclusive of VAT.
The building includes a car park with potential for re-development, or an extension to the existing building, subject to obtaining all necessary consents.
28 Brewer Street comprises 10 x Studio apartments, currently let to private individuals on AST’s (assured shorthold tenancies), producing an annual gross income of £79,200 – we understand that this building has not been elected for VAT.
Please note, a £7,000 per annum license fee is payable to the local authority for the benefit of a vehicular right of way through an LA owned car parked.
The buildings are both in a lettable condition throughout, and we understand that they were constructed during the early 1990’s.
To arrange an inspection, please contact a member of our team.
View brochureInvestment Summary
- The sale of two freehold, income-producing buildings in the heart of Maidstone, providing a mix of residential and commercial space
- Frederick House comprises 7 x Offices and a current gross income of £73,200 per annum, exclusive of VAT & 28 Brewer Street comprises 10 x Studio apartments producing a gross income of £79,200 per annum
- Prominent site measuring approx. 9,583.2 square feet / 890.3 square metres / 0.22 acres
- Located within 0.2 Miles of Maidstone East Railway Station with trains travelling into Euston Station in approx. 1 hour & 15 minutes
- Strong asset management & re-development potential, subject to obtaining all necessary consents
- Viewings by appointment only – please contact a member of our team to arrange an inspection