Frederick House & 28 Brewer Street, Maidstone, Kent ME14 1RY

Two income producing buildings in Maidstone

Key Information

Location

Maidstone, Kent

Planning Status

Unconditional

Price

£2,000,000 - Offers Over

Description

Investment/Development Opportunity

Data Room

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Overview

The property is split into two separate buildings, referred to as Frederick House & 28 Brewer Street.

Frederick House is a three-storey office building, comprising a mix of 7 office suites, currently let to a mix of 6 tenants, producing an annual gross income of £73,200, exclusive of VAT.

The building includes a car park with potential for re-development, or an extension to the existing building, subject to obtaining all necessary consents.

28 Brewer Street comprises 10 x Studio apartments, currently let to private individuals on AST’s (assured shorthold tenancies), producing an annual gross income of £79,200 – we understand that this building has not been elected for VAT.

Please note, a £7,000 per annum license fee is payable to the local authority for the benefit of a vehicular right of way through an LA owned car parked.

The buildings are both in a lettable condition throughout, and we understand that they were constructed during the early 1990’s.

To arrange an inspection, please contact a member of our team.

View brochure
Investment Summary

  • The sale of two freehold, income-producing buildings in the heart of Maidstone, providing a mix of residential and commercial space
  • Frederick House comprises 7 x Offices and a current gross income of £73,200 per annum, exclusive of VAT & 28 Brewer Street comprises 10 x Studio apartments producing a gross income of £79,200 per annum
  • Prominent site measuring approx. 9,583.2 square feet / 890.3 square metres / 0.22 acres
  • Located within 0.2 Miles of Maidstone East Railway Station with trains travelling into Euston Station in approx. 1 hour & 15 minutes
  • Strong asset management & re-development potential, subject to obtaining all necessary consents
  • Viewings by appointment only – please contact a member of our team to arrange an inspection

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