52-56 Week St & 48-49 Church St 2 Properties Offered at £3,450,000 in Maidstone
INVESTMENT HIGHLIGHTS
- Maidstone is the dominant administrative centre and County Town of Kent
- c. 90% of income secured to excellent covenants Deichmann and Poundland
- Rebased income on £282,000 pa
- 100% prime Week Street at the junction with Fremlin Walk and Primark
- New 10 year lease to Poundland - no breaks
- 0.44 acre freehold site
EXECUTIVE SUMMARY
a prime investment opportunity with the sale of two highly desirable properties located at 52-56 Week Street and 48-49 Church Street, Maidstone. Priced at £3,450,000, these properties offer a strong Net Initial Yield of 7.67%, making them an attractive option for discerning investors.
Situated in a bustling area with high foot traffic, these buildings are well-maintained and currently enjoy strong rental income. The investment not only promises immediate returns but also holds significant potential for future capital growth. This unique opportunity is ideal for those seeking a high-yielding asset in a thriving location.
Situated in a bustling area with high foot traffic, these buildings are well-maintained and currently enjoy strong rental income. The investment not only promises immediate returns but also holds significant potential for future capital growth. This unique opportunity is ideal for those seeking a high-yielding asset in a thriving location.
PROPERTY FACTS
| Price | £3,450,000 |
| Price / SF | £67.70 / SF |
| Net Initial Yield | 7.67% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 50,962 SF |
| Total Land Area | 0.95 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 52-56 Week St, Maidstone ME14 1RS | Retail | 47,130 SF | 1920 | - |
| 48-49 Church St, Maidstone ME14 1DS | Office | 3,832 SF | 1956 | - |
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