Terraced house for sale in 12-14 Week Street, Maidstone, Kent ME14

For sale by auction 06/06/2024 preliminary announcement - to be offered in our July 25th auction

freehold retail unit with planning permission for 132 room hotel

Location & Description
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.

Located on Week Street, directly between Fremlin Walk and The Mall in Maidstone Town Centre, the County Town of Kent. Maidstone is conveniently located in the centre of the County just 1.5 miles to junctions 6 and 7 of the M20 motorway giving access to the M25 and the wider motorway network. Also within approximately half a mile from three main line train stations, Maidstone East, Maidstone West and Maidstone Barracks.

Lease Details
A new lease is currently being agreed on a 5 year term with no break at a rent of £150,000 per annum.

Tenure
Freehold

Note
Auction Surveyor: Michael Mercer
Contact:

EPC Rating
Awaiting EPC