£3,000,000

Land for sale

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Freehold

Offers over

£3,000,000

(£306.25/sq. ft)

Land for sale

12-14 Week Street, Maidstone, Kent ME14

9,796 sq. ft

Local area information

Property location

Nearby amenities

  • Maidstone East 0.2 miles
  • Maidstone West 0.4 miles
  • Valley Invicta Primary School At East Borough 0.5 miles
  • Invicta Grammar School 0.6 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
  • Prime Retail Unit
  • Planning Approval for 132-room Hotel (mbc ref: 19/505518)
  • Positive Pre-App For Residential Scheme of 45 Apartments
  • Currently Let On Flexible Terms at £30,000 per annum
  • Offers In Excess of £3,000,000
Description

Prime 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, currently comprised as follows;

Ground Floor Sales: 516.00 sq m = 5,551 sq ft
Ground Floor Ancillary: 155.58 sq m = 1,675 sq ft
First Floor Ancillary: 206.26 sq m = 2,220 sq ft
External Store: 32.51 sq m = 350 sq ft

Planning
Planning permission was granted under Maidstone Borough Council Reference 19/505518 for the demolition of 12-14 Week Street and the redevelopment of the site into a 132-room Hotel which will total circa 66,000 sq ft over eight floors including roof top bar with restaurant and terrace.

Positive pre-app has also taken place with Maidstone Borough Council for an alternative scheme of 45 Residential units being a mix of 1,2 and 3 bed apartments.

Further information is available in the data room upon request.

Prime Retail Unit

Planning Approval for 132-room Hotel (mbc ref: 19/505518)

Positive Pre-App For Residential Scheme of 45 Apartments

Currently Let On Flexible Terms at £30,000 per annum

Offers In Excess of £3,000,000
Tenure Comments


Freehold held under Title numbers K694839 and K698920

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Property descriptions and related information displayed on this page are marketing materials provided by - Sibley Pares(Taylor Riley) Limited. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Sibley Pares(Taylor Riley) Limited for full details and further information.

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  2. Commercial for sale
  3. Kent
  4. Maidstone
  5. Week Street

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