99 - 100, High Street, Maidstone, Kent, ME14 1SA
Size
3,840
Tenure
Freehold
EPC
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Parking
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- Primary use
- Shop
- Other use(s)
- Other
- Frontage
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No floor / site plan
Key features
- Town Centre Retail Investment
- £650,000
- 9.1% gross yield
Description
The property comprises 2 adjoining Grade II listed retail investments fully tenanted on full repairing leases. The properties comprise retail space on the ground floor with ancillary accommodation on the upper floors which would have future development potential subject to obtaining necessary consent.
The tenants are Evapo Ltd and a long standing franchise of Snappy Snaps. See brochure for lease terms
Location
The property is located in one of the prime retail locations in Maidstone Town Centre. Situated on the crossroads of High Street, Week Street and Gabriels Hill and it occupies a prominent corner pitch and is a short walk from both The Mall Shopping Centre and Fremlin Walk prime retail areas. Neighbouring occupiers include Metro Bank, HSBC, Lush, Natwest, Starbucks, Claire's and Coral.
Accommodation
The approximate net internal areas are as shown below
99 High Street NIA 124.48 sq. m 1,340 sq. ft
100 High Street NIA 232.24 sq. m 2,500 sq. ft
EPC
99: C65 Expiring 15th November 2032
100: C73 Expiring 24th February 2025
Tenure Comments
Freehold subject to occupational leases
Rent/Price
£650,000 for the freehold showing a gross yield of 9.1% and net initial yield of 8.15% taking purchasers costs at 4.98%
Town Centre Retail Investment
£650,000
9.1% gross yield
- Service charge
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- Business rates
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- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
99 - 100, High Street, Maidstone, Kent, ME14 1SA
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Disclaimer - Property reference 202899FH. 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 Sibley Pares Chartered Surveyors, Maidstone . 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.