Commercial Development
Occupying a prominent corner location, the property is situated at the edge of Maidstone Town Centre within a short distance of all the facilities that the County town has to offer. Maidstone East railway station is within 10 minutes’ walk and the property is very close to the main Mall Shopping Centre car park. The property has good motorway access via Junction 7 of the M20.
DESCRIPTION:
A modern building of concrete frame construction comprising a ground floor retail unit with self-contained office accommodation above. The offices benefit from central heating (not tested), suspended ceilings with Cat 2 lighting and a security entry system.
ACCOMMODATION:
Ground Floor–596sqft(55.3m²)
First Floor-Vacant Open plan reception / office area with three individual offices off plus kitchen 585sq .ft.54.3m²
Second Floor- Three individual offices 489sq.ft.45.4m²
We are advised that the ground floor is let at £1,100pcm and the upstairs £1,500pcm (some parts may be unoccupied). We have not been provided with copies of the Tenancy Agreements and cannot therefore confirm the rental figures. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
We feel there may be scope to increase the rent and or convert into residential use subject to any planning.
Please be advised that the auctioneers have not personally inspected the property and there is no access available. Prospective buyers, particularly those relying on financing options who may require a survey, are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Freehold. Part let/part vacant.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
