Cornwallis House and Idenden House Pudding Lane, Medway Street Maidstone Kent ME14

Cornwallis House and Idenden House
Pudding Lane, Medway Street
Maidstone
Kent
ME14

Substantial Freehold Office and Retail Investment

Substantial Town Centre Office and Retail Buiding
Approximately 3,575 sq m (38,481 sq ft)
Town centre location
Active management/redevelopment potential (subject to consents)
Includes significant Undercroft Car Parking
Six Week Completion

Lot
23
Auction
11th July 2013
Rent
£212,728 per Annum Exclusive
Status
Sold
Price
£1,400,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of J Malvisi and P Isaacs Acting as Joint LPA Recievers

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Substantial Freehold Office and Retail Investment

Substantial Town Centre Office and Retail Buiding
Approximately 3,575 sq m (38,481 sq ft)
Town centre location
Active management/redevelopment potential (subject to consents)
Includes significant Undercroft Car Parking
Six Week Completion

Lot 23
Auction 11th July 2013
Rent £212,728 per Annum Exclusive
Status Sold
Price £1,400,000
Sector
Office
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of J Malvisi and P Isaacs Acting as Joint LPA Recievers

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 the west of Pudding Lane. 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. The town’s main Bus Stops are located immediately outside the property on Pudding Lane.

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

Tenure

Freehold.

Description

The property comprises two substantial office and retail buildings with frontages to 2 streets and being contiguous at the rear. Cornwallis House is a four storey building with 22.5m (74 ft) frontage to Pudding Lane and provides approximately 1,551 sq m (16,703 sq ft) of office accommodation and 600 sq m (6,467 sq ft) of retail accommodation in 5 retail units. Idenden House with 69.5m (230 ft) frontage to Medway Street provides 1,013 sq m (10,909 sq ft) of office accommodation and 445 sq m (4,788 sq ft) of retail accommodation in 3 retail units. The properties benefit from undercroft car parking for approximately 43 cars to the rear.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers nd therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.