Lot 30 Double Fronted Town Centre Property With PotentialAuction Date:
24th July 2024
42-44 Earl Street, Maidstone, Kent, ME14 1PS
An attractive double fronted commercial property located in Maidstone's town centre, close to both local and nationwide retailers, as well as Maidstone's three railway stations.
The building was previously let to large restaurant chains including 7Bone and Café Rouge but is now offered with vacant possession and is considered ideal for re-letting.
Earl Street is a popular location for restaurants and occupied by the likes of Zizzi, Nando’s, Giggling Squid, Pizza Express and Wagamama which benefits from the good footfall generated by Maidstone’s shopping areas such as Fremlin Walk.
The building has accommodation over three floors, plus basement and may offer itself for residential conversion of the upper parts, subject to all necessary consents being obtainable.
There are currently two entrances off Earl Street, which could provide separate access to the upper parts if these were to be converted. There is also access at the rear via an alley way.
Ground Floor
Two entrance halls with stairs leading to first floor. Seating area to front, bar area with further seating, large open plan seating area to rear and disabled W.C.
First Floor
Office, staff room with W.C., walk-in fridge and freezers, commercial kitchen and ladies and gents W.Cs. Roof terrace.
Second Floor
Several rooms of ancillary space.
Basement
Storage.
Outside
Garden to rear.
Local Planning Authority
Maidstone Borough Council. Tel: 01622 602736. Website: maidstone.gov.uk.
Auctioneer’s Note
Floor sizes may be obtained from the Valuation Office Agency (VOA) website: www.gov.uk/find-business-rates.
Freehold with Vacant Possession
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
