Significant development opportunity with secure income

Maidstone. 38-42 Week Street
ME14 1RP

Asking (STC) Seeking offers in excess of £3,500,000
Net Initial Yield 6.71%
  • Maidstone is a dominant retail centre and the County Town of Kent with a catchment population of 204,000
  • 100% prime pitch opposite Fremlin Walk and adjacent to Marks & Spencer
  • Let to undoubted covenant of WH Smith - lease expiry June 2025 paying £250,000 pa
  • The retailer traded throughout lockdown with a Post Office concession at the rear of the ground floor
  • Positive pre-app response to develop up to 63 unit residential scheme
  • 0.37 acre freehold site