6 bed block of flats for sale

Holbrook House, 72 Bank Street, Maidstone, Kent ME14

Guide Price = £100,000-£125,000

**For Sale By Public Auction 10th September 2025 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Mid Terrace Building Offered With Planning Permission for the Erection of a Five Bedroom HMO to the Rear. The Building Is Currently Arranged to Provide Two Ground Floor Commercial Units and Six Flats on the Upper Floors (All Sold Off) Producing £1,500 Per Annum. There May be Further Potential for a Roof Development (Subject to Obtaining all Relevant Consents)

Tenure
Freehold

Location
The property is situated on a mixed use road close to Fremlin Walk Shopping Centre. The open spaces of Brenchey Gardens are within easy reach. Transport links are provided by Maidstone West rail station and the A249.

Description
The property comprises a mid terrace mixed use mid terrace building arranged to provide two ground floor commercial units and six flats on the upper floors (all sold off).

Tenancy
The lower ground and ground floor retail units are sold off on a 999 year lease from 19th April 2016.

The six flats are all sold off on 150 year leases from 25th March 2018 at a ground rent of £250 per annum each.

Planning
Maidstone Borough Council granted the following planning permission (ref: 25/500095/full) on 30th April 2025 : 'Demolition of existing brick enclosure and erection of a 4 storey building to accommodate a 5no. Bedroom HMO with communal kitchen, roof top garden, and refuse, recycling and cycle storage'.

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