11 Earl Street
Maidstone
Kent
ME14 1PL

Freehold Retail Investment

  • Let to Amplifon Limited until 2025 (no tenant break)
  • Tenant in occupation since 2005 having refitted unit in 2015
  • Nearby occupiers include Primark, Marks & Spencer, WHSmith and Superdrug
  • Prominent pedestrianised location in Maidstone town centre opposite Fremlin Walk Shopping Centre
  • Lot
    19
  • Auction
    23/May/2019
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £310,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of Trustees

  • 11 Earl Street<br>Maidstone<br>Kent<br>ME14 1PL
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
17 miles north-east of Tunbridge Wells
37 miles south-east of Central London
Roads
A20, A229, A249, M20 (Junction 6)
Rail
Maidstone East Railway Station
Maidstone West Railway Station
Air
London Gatwick Airport, London City Airport
Situation

Maidstone is the county town and administrative centre of Kent located 35 miles east of London. The property is situated on the southern side of the pedestrianised Earl Street, between its junctions with Week Street and Rose Yard, in the heart of Maidstone town centre. Nearby occupiers include Primark, Marks & Spencer, WHSmith and Superdrug. Fremlin Walk Shopping Centre is located opposite the property with the Fremlin Walk Car Park (providing 760 spaces) within 100 yards.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

EPC

See legal pack at acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
First
Retail/Ancillary
Ancillary
44.70 sq m
23.30 sq m
(481 sq ft)
(251 sq ft)
AMPLIFON
LIMITED (1)
10 years from 11/11/2015
until 10/11/2025 (2) on a
full repairing and insuring
lease
£25,00011/11/2020
Total
68.00 sq m
(732 sq ft)
  £25,000 

(1) Founded in 1950, Amplifon is the global leader in hearing care retail with a presence in 29 countries across the globe, around
11,000 points of sale and a workforce of around 16,000 people (Source: www.amplifon.com 18/04/2019).
(2) The lease provides for a landlord only option to determine on 29th September 2023, subject to four months' notice.

Property Documents

  • Site Plan
    Updated Date
    01.05.19
    File Size
    5 MB
    View PDF
  • Catalogue Page
    Updated Date
    01.05.19
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Seller's Solicitors
Pinsent Masons LLP 1 Park Row
Leeds
LS1 5AB
Andrew Quinlan 0113 294 5280andrew.quinlan@pinsentmasons.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now