BRENCHLEY HOUSE
WEEK STREET | MAIDSTONE | ME14 1RF
Mixed-Use Block Located in a Major Kent Commuter Town
INVESTMENT
CONSIDERATIONS
■ Freehold property
■ A converted mixed-use block,
arranged over basement, ground
and five upper floors providing
○
a total of 192 apartments and 4
BRENCHLEY HOUSE | WEEK STREET | MAIDSTONE | ME14 1RF
commercial units extending to
73,582 sq ft NIA
Total Passing Rent:
■
Mixed-Use Block located in a Major Kent Commuter Town
£2,248,052.76 per annum
(including unit under offer)
■ Gross Yield (based on Passing
Rent): 7.49%
Total Estimated Rental Value
■ (ERV): £2,441,714.76 per annum
Gross Yield (based on ERV):
■ 8.14%
The property is currently fully let
■ with the exception of one of the
commercial units which is under
offer
Excellent location within close
proximity to Maidstone East train
■ station and the town centre
○
Major Kent commuter town
less than 35 miles from central
■ London
Offers sought in excess of
■ £30,000,000 (Thirty Million
Pounds) for the Freehold
interest, subject to existing
tenancies and subject to
contract
BRENCHLEY HOUSE | WEEK STREET | MAIDSTONE | ME14 1RF
Connectivity
Maidstone is an affluent commuter town, benefiting Numerous bus routes are in operation with
from excellent transport communications into Central Brenchley Gardens bus stop located adjacent to
London and the south east region. Maidstone is Brenchley House, which serves Maidstone Town and
strategically located along the A229 and within close the wider area.
proximity to several major roads, providing direct
access to J6 & J7 of M20 which links to the M25 Maidstone is identified as an important commercial
and M26 Motorways. centre, due to its proximity to the channel Tunnel
Ports located approximately 20 miles from Ashford
International Eurostar Terminal, which runs Eurostar
Maidstone is served by several railway stations, trains to Amsterdam, Brussels and Paris.
including Maidstone West, Maidstone East and
Maidstone Barracks. All stations are within walking
distance, with Maidstone East being adjacent to the Southend Airport is 22 miles from the town, with
property, and provide direct services to numerous international airports London City and Gatwick just
London stations, with the fastest journey time of 51 30 miles northwest and 37 miles west respectively.
minutes.
Location
Maidstone in the County Town and administrative
centre of Kent. Set within the idyllic Garden of England
landscape, Maidstone is situated 16 miles northeast of
Royal Tunbridge Wells, 21 miles south east of Dartford
and 35 miles south east of Central London.
Maidstone is a popular market town boasting a
picturesque waterfront along the River Medway and
benefits from being surrounded by rolling hills and open
countryside.
Maidstone Town Centre lies 0.2 miles to the south and is
home to a substantial retail and leisure offering including
The Mall Maidstone and Fremlin Walk Shopping Centre.
The town also benefits from an abundance of retailers,
restaurants and cafes along Week Street and surrounding
thoroughfares including M&S, Primark, Wagamama, John
Lewis and Maidstone Museum.
The property is located to the east of Station Road, which
is adjacent to Maidstone East Train Station. The A229
runs 0.2 miles to the west of the property.
Description
Brenchley House comprises 192 apartments and 4 retail units arranged over ground and five upper floors. The property was
Current Rent Reserved Estimated Rental Value
originally used as an office which was converted to residential in 2018. The property is currently fully let with the exception of one We are of the opinion that the Estimated Rental Value, is
The property currently provides: of the commercial units which is under offer. The current in the region of £2,441,714.76 per annum per annum.
passing rent is £2,248,052.76 (including the unit under offer). Interested parties should make their own enquiries.
A full accommodation schedule is available in the data room.
140 studios 52 one bedroom flats 4 retail units
The building benefits from 31 car parking spaces let out and two antennas on the roof let to EE and 02.
For further details please see the accommodation schedule in the data room.
Tenure
The property is held Freehold.
Price: £30,000,000
Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not
constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or
representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or
give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken
by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2.
Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and
the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental)
survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP.
