10 - 11 High Street Maidstone Kent ME14 1HT

  • 10 - 11 High Street<br>Maidstone<br>Kent<br>ME14 1HT

10 - 11 High Street
Maidstone
Kent
ME14 1HT

Freehold High Street Retail Investment

  • Let to The British Heart Foundation
  • Busy Town Centre Location
  • Residential potential on Upper parts, Subject to Consents.
  • Approximately 8,742 sq ft (812.22 sq m)
  • Close to Fremlin Walk Shopping Centre with Parking for 760 Cars
  • Nearby occupiers include JD Wetherspoon, KFC, Starbucks, Wagamama, Nando's and Mountain Warehouse
  • VAT-Free Investment
  • Lot
    3
  • Auction
    9th May 2024
  • Rent
    £45,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £595,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund
  • Expand
  • Photos
  • Map

Freehold High Street Retail Investment

  • Let to The British Heart Foundation
  • Busy Town Centre Location
  • Residential potential on Upper parts, Subject to Consents.
  • Approximately 8,742 sq ft (812.22 sq m)
  • Close to Fremlin Walk Shopping Centre with Parking for 760 Cars
  • Nearby occupiers include JD Wetherspoon, KFC, Starbucks, Wagamama, Nando's and Mountain Warehouse
  • VAT-Free Investment
  • Lot 3
  • Auction 9th May 2024
  • Rent £45,000 per Annum Exclusive
  • Status Sold
  • Price £595,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund

Property Information

Location
Miles
17 miles north-east of Tunbridge Wells, 37 miles south-east of Central London
Roads
A20, A229, A249, M20 (J6)
Rail
Maidstone East Railway Station
Air
London Gatwick Airport, London City Airport
Situation

Maidstone is the county town and administrative centre of Kent located 37 miles south-east of London. The property is situated in the heart of Maidstone town centre on High Street. Fremlin Walk Shopping Centre is located approximately 300m away with the Fremlin Walk car park providing 760 spaces. Other nearby occupiers include JD Wetherspoon, KFC, Starbucks, Wagamama, Nando's and Mountain Warehouse.

Tenure

Freehold.

Location
Miles
17 miles north-east of Tunbridge Wells, 37 miles south-east of Central London
Roads
A20, A229, A249, M20 (J6)
Rail
Maidstone East Railway Station
Air
London Gatwick Airport, London City Airport
Situation

Maidstone is the county town and administrative centre of Kent located 37 miles south-east of London. The property is situated in the heart of Maidstone town centre on High Street. Fremlin Walk Shopping Centre is located approximately 300m away with the Fremlin Walk car park providing 760 spaces. Other nearby occupiers include JD Wetherspoon, KFC, Starbucks, Wagamama, Nando's and Mountain Warehouse.

Tenure

Freehold.

Description

The property comprises a substantial retail unit with retail accommodation on the ground and first floors and ancillary accommodation on the first and second floors.
The property may be suitable for residential conversion to the upper parts subject to consents.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises a substantial retail unit with retail accommodation on the ground and first floors and ancillary accommodation on the first and second floors.
The property may be suitable for residential conversion to the upper parts subject to consents.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x. Reversion
Ground
First
Second
Retail
Retail/Ancillary
Ancillary
343.92
332.54
135.76
(3,702)
(3,579)
(1,461)
BRITISH HEART FOUNDATION (CRN: 00699547) (2) 5 years from 06/05/2021 (3)
£45,000
05/05/2026
Total Approximate Floor Area  
812.22
(8,742)
   
£45,000
 

(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.gov.uk/find-business-rates).
(2) The British Heart Foundation is a cardiovascular research charity that funds medical research related to heart and circulatory diseases and their risk factors, and runs influencing work aimed at shaping public policy and raising awareness. They have been established since 1961 and trade from over 600 stores across the UK (www.bhf.org.uk).
(3) The lease is subject to a 6 monthly rolling mutual option to determine the lease.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Brochure
    Updated Date
    10.05.24
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Wilkes 41 Church Street
Birmingham
West Midlands
B3 2RT
Leighann Richards 0121 710 5819lrichards@wilkes.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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