99 - 100, High Street, Maidstone, Kent, ME14 1SA
£179.69 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,840 sq ft
357 sq m
- SECTOR
Commercial property for sale
Key features
- Town Centre Retail Investment
- £690,000
- 8.55% gross yield
Description
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: C73 Expiring 24th February 2025
Tenure Comments
Freehold subject to occupational leases
Rent/Price
£690,000 for the freehold showing a gross yield of 8.55% and net initial yield of 8.15% taking purchasers costs at 4.98%
Town Centre Retail Investment
£690,000
8.55% gross yield
Brochures
99 - 100, High Street, Maidstone, Kent, ME14 1SA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Maidstone East Station0.3 miles
- Maidstone West Station0.4 miles
- Maidstone Barracks Station0.5 miles
About Sibley Pares Chartered Surveyors, Maidstone
Equitable House, 1 Ashford Road, Maidstone, ME14 5BJNotes
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