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93-95 High St 13,063 sq ft 42% Let Retail Property Maidstone ME14 1SA £1,800,000 (£137.79/sq ft) 4.94% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Ground Floor Retail with vacant upper floor offices
  • Car parking to the rear
  • Suitable for alternative uses and redevelopment

EXECUTIVE SUMMARY

For Sale - Grade II Listed Mixed Use Investment with vacant upper floor offices, suitable for alternative uses/redevelopment subject to gaining the necessary consents. Total ERV of circa £154,000 pa, current rental income of £89,000 pa.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
13,063 sq ft
Year Built
1980
Price
£1,800,000
Price per sq ft
£137.79
Yield
4.94%
NOI
£89,000
Occupancy Rate
42%
Tenancy
Multiple
Number of Floors
5
Plot ratio
1.20
Total Plot Size
0.25 ac
Frontage
70 ft on Bank Street

AMENITIES

  • Storage Space

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 3,300 sq ft
  • Office
  • Food Court
  • Now

LEASE The vacant offices are immediately available by way of a new lease for a term to be agreed by negotiation and subject to upward only rent reviews to market rent

  • 2nd Floor
  • 2,295 sq ft
  • Office
  • Food Court
  • Now

LEASE The vacant offices are immediately available by way of a new lease for a term to be agreed by negotiation and subject to upward only rent reviews to market rent

  • 3rd Floor
  • 1,960 sq ft
  • Office
  • Food Court
  • Now

LEASE The vacant offices are immediately available by way of a new lease for a term to be agreed by negotiation and subject to upward only rent reviews to market rent

Space Size Space Use Position Available
1st Floor 3,300 sq ft Office Food Court Now
2nd Floor 2,295 sq ft Office Food Court Now
3rd Floor 1,960 sq ft Office Food Court Now

1st Floor

Size
3,300 sq ft
Space Use
Office
Position
Food Court
Available
Now

2nd Floor

Size
2,295 sq ft
Space Use
Office
Position
Food Court
Available
Now

3rd Floor

Size
1,960 sq ft
Space Use
Office
Position
Food Court
Available
Now

1st Floor

Size 3,300 sq ft
Space Use Office
Position Food Court
Available Now

LEASE The vacant offices are immediately available by way of a new lease for a term to be agreed by negotiation and subject to upward only rent reviews to market rent

2nd Floor

Size 2,295 sq ft
Space Use Office
Position Food Court
Available Now

LEASE The vacant offices are immediately available by way of a new lease for a term to be agreed by negotiation and subject to upward only rent reviews to market rent

3rd Floor

Size 1,960 sq ft
Space Use Office
Position Food Court
Available Now

LEASE The vacant offices are immediately available by way of a new lease for a term to be agreed by negotiation and subject to upward only rent reviews to market rent

NEARBY MAJOR RETAILERS

Snap Fitness
Starbucks
Costa Coffee
Pret A Manger
Caffè Nero
Santander
Barclays
Natwest
HSBC BANK PLC
Metro Bank
  • Listing ID: 32700166

  • Date on Market: 06/08/2024

  • Last Updated:

  • Address: 93-95 High St, Maidstone ME14 1SA

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