A Mid Terrace Building Offered With Planning Permission for the Erection of a Five Bedroom HMO to the Rear. The Building Is Currently Arranged to Provide Two Ground Floor Commercial Units and Six Flats on the Upper Floors (All Sold Off) Producing £1,500 Per Annum. There May be Further Potential for a Roof Development (Subject to Obtaining all Relevant Consents)

The property comprises a mid terrace mixed use mid terrace building arranged to provide two ground floor commercial units and six flats on the upper floors (all sold off).

Tenure

Freehold

Location

The property is situated on a mixed use road close to Fremlin Walk Shopping Centre. The open spaces of Brenchey Gardens are within easy reach. Transport links are provided by Maidstone West rail station and the A249.

Planning

Maidstone Borough Council granted the following planning permission (ref: 25/500095/FULL) on 30th April 2025 : 'Demolition of existing brick enclosure and erection of a 4 storey building to accommodate a 5no. bedroom HMO with communal kitchen, roof top garden, and refuse, recycling and cycle storage'.

Tenancy

The lower ground and ground floor retail units are sold off on a 999 year lease from 19th April 2016. The six flats are all sold off on 150 year leases from 25th March 2018 at a ground rent of £250 per annum each.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.