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£300,000
3-5 BREWER STREET, MAIDSTONE, KENT
Key features:
- FOR SALE BY PUBLIC AUCTION AT The Clive Emson Conference Centre : 14-JUN-2012
- LOT NUMBER : 129
- SUBSTANTIAL COMMERCIAL PREMISES FOR INVESTMENT WITH FUTURE DEVELOPMENT POTENTIAL
- Commercial Investment
- Freehold
- Current Rental : £30,000 Per Annum
- GUIDE PRICE : £300,000 - £320,000
Full description:
A substantial property covering a site extending to 0.22 acres (0.09 hectares), located in the centre of the County Town of Maidstone and providing an extensive range of accommodation with the front building being three storeys.
Tenancy
Let on a commercial lease for a term of five years from December 2011, at a current rental of £30,000 per annum. 'Contracted out' from the provisions of the Landlord and Tenant Act 1954.
Planning
Detailed Planning Permission has previously been granted by Maidstone Borough Council, under ref: MA/08/0405, dated 22nd January 2009, for redevelopment of the site to provide A1/A2/B1 uses, 14 new two-bedroom flats with associated parking.
There is no affordable housing provision requirement within the Planning Permission. The existing two bedroom flat is retained to provide 15 flats in total.
An application has been made for a new Planning Permission to replace the lapsed Consent in order to extend the time limit for implementation.
A copy of the plans and Planning Consents are available for inspection at the Auctioneer's Office.
Accommodation Measurements
9,160 sq.ft. (850 sq.m.) gross internal.
The proposed A1/A2/B1 accomodation in the previously approved plans extends to 2,701 sq.ft. (251 sq.m.).
Freehold Investment
Tenancy
Let on a commercial lease for a term of five years from December 2011, at a current rental of £30,000 per annum. 'Contracted out' from the provisions of the Landlord and Tenant Act 1954.
Planning
Detailed Planning Permission has previously been granted by Maidstone Borough Council, under ref: MA/08/0405, dated 22nd January 2009, for redevelopment of the site to provide A1/A2/B1 uses, 14 new two-bedroom flats with associated parking.
There is no affordable housing provision requirement within the Planning Permission. The existing two bedroom flat is retained to provide 15 flats in total.
An application has been made for a new Planning Permission to replace the lapsed Consent in order to extend the time limit for implementation.
A copy of the plans and Planning Consents are available for inspection at the Auctioneer's Office.
Accommodation Measurements
9,160 sq.ft. (850 sq.m.) gross internal.
The proposed A1/A2/B1 accomodation in the previously approved plans extends to 2,701 sq.ft. (251 sq.m.).
Freehold Investment
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