Lot 82 Substantial Office Block Investment With Future Potential For DevelopmentAuction Date:
16th June 2022
Granville House, Granville Road, Maidstone, Kent, ME14 2BJ
Currently let at £31,974 per annum - Plus Vacant Units 1A & 1B with additional service charges
A substantial detached freehold block with car parking, constructed in the early 1970s and being sold by the original developers.
Located within a commercial street, although more broadly in a predominantly residential area and situated conveniently for the town centre and the mainline commuter railway station.
The building is arranged to provide 10 office suites over three floors together with a storage accommodation unit on the ground floor. There are also car parking spaces on the ground floor together with an open car park at the rear with access from Gladstone Road.
The upper two floors are fully let; six of the units are let to the same tenant.
It is considered that the building has future potential for conversion and possibly extension to provide a residential block, subject to all necessary consents being obtainable.
Local Planning Authority
Maidstone Borough Council. Tel: 01622 602736. Website: maidstone.gov.uk.
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
