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
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.
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
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.
