Lot 54 Commercial Investment With Ground Rent IncomeAuction Date:
23rd July 2026
12 St. Faiths Street and 11A & 11B Station Road, Maidstone, Kent, ME14 1LL
Currently let at £14,020 per annum
Located in the heart of Maidstone town centre is this mid-terrace mixed use property arranged as a commercial unit and two self-contained flats both sold on long leases. The property is within easy reach of various amenities including Maidstone East mainline railway station.
12 St Faiths Street
Ground Floor
Retail area, W.C. and staffroom.
Tenancy
Let on a 15-year lease from 20th July 2022 at a current rental of £14,000 per annum.
EPC Rating
B (47). Total Floor Area 34 sq.m.
11B Station Road
Tenure
Remainder of a 99-year lease from 4th October 1982 at a current ground rental of £10 per annum.
11A Station Road
Tenure
Remainder of a 99-year lease from 12th July 1982 at a current ground rental of £10 per annum.
Auctioneer's Note
Section 5B Notices under the Landlord & Tenant Act 1987 (as amended) have been served and the leaseholders have not reserved their rights under the legislation.
Further Information
Chris Milne/Jon Rimmer
on 01622 608400
Viewings
Applicants may view the lot externally only
Service Providers
Click here if you are looking for a solicitor, insurance company, finance company or a property related organisation or firm
Local Information
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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
