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24-32 Gabriels Hl 16,047 SF Retail Condo Unit Offered at $1,611,257 in Maidstone ME15 6JG
Investment Highlights
- Maidstone is the county town of Kent located approximately 32 miles south east of London
- Entire building currently let to Epic Bars (Maidstone) Limited (t/a Ovation Nightclub)
- . The town benefits from a sizeable resident population and a strong catchment, supported by a mix of office, retail and leisure uses.
Executive Summary
Maidstone is the county town of Kent located approximately 32 miles south east of London. The town benefits from a sizeable resident population and a strong catchment, supported by a mix of office, retail and leisure uses. The town has a well-established retail and leisure offer with a combination of national multiple retailers and strong independent operators. Key occupiers include Primark, Tesco, JD Sports, Waterstones, Hotel Chocolat, Five Guys, Pizza Express and McDonald’s. The popular Hazlitt Theatre and Odeon Cinema aare also located nearby. Maidstone town centre is supported by several multi-storey car parks providing substantial parking provision. The property is prominently situated in the heart Maidstone town centre, on the west side of Gabriel’s Hill, which leads directly to The Mall Shopping Centre. Maidstone benefits from excellent road communications, with Junctions 5, 6 and 7 of the M20 motorway providing direct access to London, the M25 and the wider South East. The A229 and A26 further connect Maidstone to surrounding towns including Sevenoaks and Ashford. The town is well served by rail links with direct services to London Victoria with journey times of approximately 1 hour and offers services to London St Pancras via High Speed connections.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Sale Type | Investment |
| Tenure | Long Leasehold |
Well located within Maidstone town centre
Entire building currently let to Epic Bars (Maidstone) Limited (t/a Ovation Nightclub)
at £120,000 per annum exclusive on 15 year lease from May 2023 (no breaks)
Total area approximately 16,048 sq ft
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 28-32 | 16,047 SF | Retail | $1,611,257 ($100.41/SF) | - |
Unit 28-32
| Unit Size |
| 16,047 SF |
| Condo Use |
| Retail |
| Price |
| $1,611,257 ($100.41/SF) |
| NOI |
| - |
Unit 28-32
| Unit Size | 16,047 SF |
| Condo Use | Retail |
| Price | $1,611,257 ($100.41/SF) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Description | |
| Held for a term of 999 years from 18/12/2002 at a fixed rent of £25 pa<br> Well located within Maidstone town centre<br> Entire building currently let to Epic Bars (Maidstone) Limited (t/a Ovation Nightclub)<br> at £120,000 per annum exclusive on 15 year lease from May 2023 (no breaks)<br> Total area approximately 16,048 sq ft</li></ul> | |
| Sale Notes | |
| 999 years from 18/12/2002 at a fixed rent of £25 pa.</li></ul> |
Property Facts
| Total Building Size | 23,813 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 7,938 SF |
| Property Subtype | Bar | Year Built | 1980 |
| Building Class | B |
| Total Building Size | 23,813 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Bar |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 7,938 SF |
| Year Built | 1980 |
Amenities
- Security System
- Storage Space
Nearby Major Retailers
Presented by
24-32 Gabriels Hl
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