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12-14 Week Street, Maidstone, Kent, ME14 1RN

For sale: £3,000,000.00|9,796 Sq Ft|General Retail, Hotels, Other, Land, Retail, Licensed & Leisure, Other Property Types & Opportunities, Commercial Land

Property details

FOR SALE£3,000,000.00
SIZE9,796 Sq Ft
ADDRESS12-14 Week Street, Maidstone, Kent, ME14 1RN
TYPEGeneral Retail, Hotels, Other, Land, Retail, Licensed & Leisure, Other Property Types & Opportunities, Commercial Land
TENUREBusiness for sale, Development Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON20th September 2022

Description

Description

Prime Retail Unit currently let on flexible terms with Planning Consent to Redevelop the site into a 132-room hotel. Positive Pre-Application for alternative development of 45 residential units.

The property is a large, double fronted retail unit over ground and first floors totalling 9,796 sq ft, currently comprised as follows;

Ground Floor Sales: 516.00 sq m = 5,551 sq ft
Ground Floor Ancillary: 155.58 sq m = 1,675 sq ft
First Floor Ancillary: 206.26 sq m = 2,220 sq ft
External Store: 32.51 sq m = 350 sq ft

Planning
Planning permission was granted under Maidstone Borough Council Reference 19/505518 for the demolition of 12-14 Week Street and the redevelopment of the site into a 132-room Hotel which will total circa 66,000 sq ft over eight floors including roof top bar with restaurant and terrace.

Positive pre-app has also taken place with Maidstone Borough Council for an alternative scheme of 45 Residential units being a mix of 1, 2 and 3 bed apartments.

Further information is available in the data room upon request.

Prime Retail Unit

Planning Approval for 132-room Hotel (MBC ref: 19/505518)

Positive Pre-App For Residential Scheme of 45 Apartments

Currently Let On Flexible Terms at £30,000 per annum

Offers In Excess of £3,000,000

Tenure Comments

Freehold held under Title numbers K694839 and K698920 ( Agency Pilot Software ref: 202220 )

Location

marker
Location: 12-14 Week Street, Maidstone, Kent, ME14 1RN

Maidstone East (0.3 miles)

Maidstone West (0.4 miles)

Maidstone Barracks (0.4 miles)

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