114 bedroom block of apartments for sale

Tonbridge Road, Maidstone, Kent, ME16

POA

Property Description

Key features

  • Purpose Built Student / Key Worker Building located within a short walk of Maidstone Town Centre
  • Accommodation includes 114 en-suite bedrooms
  • Gross Income - 576,200 pa
  • Estimated Operating Costs - 160,000 pa
  • Established on site management

Full description

Tenure: Freehold

Bower Terrace is located in Maidstone approximately 36 miles to the south east of Central London.

The site itself is situated on Tonbridge Road approximately 5 min walk from Maidstone West train station and 10 minute walk from Maidstone town centre / Maidstone East Station.

Maidstone West provides regular services into London St Pancras and London Charing Cross in approximately 1 hour.

Maidstone provides a mixture of leisure and retail amenities and many cultural attractions. Nearby colleges include Hadlow College, MidKent College and the European School of Osteopathy.

Constructed circa 2006, Bower Terrace comprises a purpose built L shaped building configured around a courtyard and arranged over 3 floors.

Accommodation includes 114 en-suite bedrooms arranged as 15 cluster flats with 5 - 8 bedrooms per apartment.

Each cluster flat has a communal kitchen and living/dining room area of approximately 235 sq.ft. Fittings include an electronic cooker, fridge, freezer, dishwasher, seating and LCD television.

Each bedroom is fully furnished and provides a bed, wardrobe, desk and bathroom with WC, shower and washbasin. Standard room size is approximately 113 sq.ft.

A stand-alone single storey building on the site provides a manager's office, common room, laundry room, disabled WC and plant room. The site offers car parking, bicycle racks, fast unlimited symmetrical fibre, broadband, secured door access and CCTV.

The site extends to approximately 0.56 acres (0.23ha).

Current room rates have recently increased from 103pw to 106pw. Sundry income is also generated through laundry facilities.

Gross Rent @ Current Occupancy - 576,200 pa
Estimated Operating Costs - 160,000 pa

The right wing of the building is currently let to Hadlow College on a rolling annual contract. The left wing is occupied by a combination of students and key workers. A number work at the nearby NHS hospital and European School of Osteopathy.

Occupancy currently stands at approximately 95%.

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
17 November 2016

Nearest stations

  • Maidstone West (0.2 mi)
  • Maidstone Barracks (0.5 mi)
  • Maidstone East (0.7 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

GVA, London - Residential

10 Stratton Street, London, W1J 8JR

020 3858 3196 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

GVA, London - Residential

10 Stratton Street, London, W1J 8JR

020 3858 3196 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Maidstone West (0.2 mi)
  • Maidstone Barracks (0.5 mi)
  • Maidstone East (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

GVA, London - Residential

10 Stratton Street, London, W1J 8JR

020 3858 3196 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 02B624615. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by GVA, London - Residential. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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