Property photos
Freehold
£1,150,000
(£166.69/sq. ft)
Retail premises for sale
15-17 King Street, Maidstone, Kent ME146,899 sq. ft
Local area information
Property location
Nearby amenities
- Maidstone East 0.3 miles
- Valley Invicta Primary School At East Borough 0.4 miles
- Invicta Grammar School 0.5 miles
- Maidstone West 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Maidstone to find out more about the local area.
Features and description
- Freehold
- Area - Maidstone
- Size - 6899 sqft
- Local Amenities - Maidstone East (0.6 miles), West (0.4 miles), Barracks (0.7 miles)
- Property Type - freehold investment with potential
- Planning Reference - 24/501639/full
Freehold E Class commercial property in Maidstone comprising a vacant basement, tenanted ground-floor retail unit, vacant upper floors, and three parking spaces. Offering substantial development potential and accommodates a wide variety of commercial uses.
The ground floor is leased to Creams Property Ltd under an Fri lease from 24 May 2024 for 15 years until 2039, with a tenant break clause on 23 May 2034. The lease falls inside the 1954 Landlord and Tenant Act and generates a rent of £50,000 per annum, with the next rent review scheduled for 2029, followed by reviews every five years.
Property Details:
• Total size (voa): 640 sqm / 6,899 sqft
• Ground (Creams unit): 2,422 sqft
• Vacant first and second floors: 4,477 sqft
• Vacant basement floor - not measured.
The seller is seeking unconditional offers in the region of £1,150,000.
Planning:
Recent planning permission for a proposed conversion to a 20-bedroom co-living HMO (Sui Generis), including the erection of a mansard roof and insertion of 11 dormers, was refused and under appeal.
However, there is an opportunity for the new owner to let the vacant parts or to revise and resubmit the scheme or explore other development options (Ref: 24/501639/full).
Location
This prime property in Maidstone offers excellent amenities and investment potential. Retail hubs like Fremlin Walk and The Mall are a 10-minute walk away, with major brands, boutique shops, and dining options. Nearby supermarkets include Tesco and Sainsbury’s. Maidstone East (0.6 miles), West (0.4 miles), and Barracks (0.7 miles) stations provide regular trains to London (around 60 minutes) and Kent destinations. Green spaces like Mote Park and the River Medway offer scenic leisure opportunities.
The ground floor is leased to Creams Property Ltd under an Fri lease from 24 May 2024 for 15 years until 2039, with a tenant break clause on 23 May 2034. The lease falls inside the 1954 Landlord and Tenant Act and generates a rent of £50,000 per annum, with the next rent review scheduled for 2029, followed by reviews every five years.
Property Details:
• Total size (voa): 640 sqm / 6,899 sqft
• Ground (Creams unit): 2,422 sqft
• Vacant first and second floors: 4,477 sqft
• Vacant basement floor - not measured.
The seller is seeking unconditional offers in the region of £1,150,000.
Planning:
Recent planning permission for a proposed conversion to a 20-bedroom co-living HMO (Sui Generis), including the erection of a mansard roof and insertion of 11 dormers, was refused and under appeal.
However, there is an opportunity for the new owner to let the vacant parts or to revise and resubmit the scheme or explore other development options (Ref: 24/501639/full).
Location
This prime property in Maidstone offers excellent amenities and investment potential. Retail hubs like Fremlin Walk and The Mall are a 10-minute walk away, with major brands, boutique shops, and dining options. Nearby supermarkets include Tesco and Sainsbury’s. Maidstone East (0.6 miles), West (0.4 miles), and Barracks (0.7 miles) stations provide regular trains to London (around 60 minutes) and Kent destinations. Green spaces like Mote Park and the River Medway offer scenic leisure opportunities.
Floor plans and tours
Floor plans (2)
More information
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