Retail/Shop for sale Maidstone ME14 1SA,3840sq ft

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Retail/Shop

Retail/Shop For Sale Maidstone

PROPERTY ID: 136666

PROPERTY TYPE

Retail/Shop

STATUS

Available

SIZE

3,840 sq.ft

Key Features

Town Centre Retail Investment

£725,000

7.75% net initial yield

Property Details

The property is located in one of the prime retail locations in Maidstone Town Centre. Situated on the crossroads of High Street, Week Street and Gabriels Hill and it occupies a prominent corner pitch and is a short walk from both The Mall Shopping Centre and Fremlin Walk prime retail areas. Neighbouring occupiers include Metro Bank, HSBC, Lush, Natwest, Starbucks, Claire's and Coral.

The Property Comprises 2 Adjoining Grade Ii Listed Retail Investments Fully Tenanted On Full Repairing Leases. The Properties Comprise Retail Space On The Ground Floor With Ancillary Accommodation On The Upper Floors Which Would Have Future Development Potential Subject To Obtaining Necessary Consent. The Tenants Are Evapo Ltd And A Long Standing Franchise Of Snappy Snaps. See Brochure For Lease Terms Location The Property Is Located In One Of The Prime Retail Locations In Maidstone Town Centre. Situated On The Crossroads Of High Street, Week Street And Gabriels Hill And It Occupies A Prominent Corner Pitch And Is A Short Walk From Both The Mall Shopping Centre And Fremlin Walk Prime Retail Areas. Neighbouring Occupiers Include Metro Bank, Hsbc, Lush, Natwest, Starbucks, Claire's And Coral. Accommodation The Approximate Net Internal Areas Are As Shown Below 99 High Street Nia 124.48 Sq. M 1,340 Sq. Ft 100 High Street Nia 232.24 Sq. M 2,500 Sq. Ft Epc 99: C65 Expiring 15th November 2032 100: Awaited Tenure Comments Freehold Subject To Occupational Leases Rent/price £725,000 For The Freehold Showing A Net Initial Yield Of 7.75% Taking Purchasers Costs At 5.05% Town Centre Retail Investment £725,000 7.75% Net Initial Yield

Download PDF Brochure

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About the Agent

Sibley Pares LLP

See Agent's Other Properties

Retail Unit

£725,000 Freehold

99 - 100,High Street, Maidstone, ME14 1SA

Retail/Shop - Available
3,840 sq ft
357 sqm

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