Active management/redevelopment potential (subject to consents)
May benefit from Residential Permitted Development Rights
Undercroft car parking
Lot 29
Auction 23rd October 2014
Rent £46,300 per Annum Exclusive
Status Sold
Price £730,000
Sector Office
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of a Major Bank
Property Information
Location
Miles
9.3 miles south of Gillingham
17 miles north-east of Tunbridge Wells
37 miles south-east of London
Roads
A229, London Road (A20), A249, M20 (Junction 6)
Rail
Maidstone East Railway Station, Maidstone West Railway Station
Air
London Heathrow Airport, London Gatwick Airport, London City Airport
Situation
Maidstone is the county town and administrative centre of Kent. The property is situated in the heart of the town centre occupying a prominent corner position on the north of Medway Street and Fairmeadow. The property is situated within the main retail/office hub of Maidstone within a short walking distance to the major Fremlin Walk Shopping Centre, Week Street and The Royal Star Arcade.
Tenure
Freehold.
Location
Miles
9.3 miles south of Gillingham
17 miles north-east of Tunbridge Wells
37 miles south-east of London
Roads
A229, London Road (A20), A249, M20 (Junction 6)
Rail
Maidstone East Railway Station, Maidstone West Railway Station
Air
London Heathrow Airport, London Gatwick Airport, London City Airport
Situation
Maidstone is the county town and administrative centre of Kent. The property is situated in the heart of the town centre occupying a prominent corner position on the north of Medway Street and Fairmeadow. The property is situated within the main retail/office hub of Maidstone within a short walking distance to the major Fremlin Walk Shopping Centre, Week Street and The Royal Star Arcade.
Tenure
Freehold.
Description
The property is a substantial office building with frontages to Medway Street and Fairmeadow and comprises office accommodation on part ground floor and 3 upper floors. The property benefits from undercroft car parking.
Planning
The property may be suitable for alternative uses such as a hotel (subject to consents) or residential conversion (may benefit from Permitted Development Rights).
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a substantial office building with frontages to Medway Street and Fairmeadow and comprises office accommodation on part ground floor and 3 upper floors. The property benefits from undercroft car parking.
Planning
The property may be suitable for alternative uses such as a hotel (subject to consents) or residential conversion (may benefit from Permitted Development Rights).
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
(1) Go Train Limited was incorporated in 2007 and for the year ending 31st October 2013 reported a net Worth of £1.274,169. (Riskdisk: 15/09/14) (2)The lease is outside the security of tenure provisions of the Landlord and Tenant Act 1954 and provides for a mutual rolling option to determine the lease.
