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Maidstone Road, Rochester, Kent

£550,000 By Auction

Under Offer

Property Features
  • A Large 3 Storey Property in the Heart of Historic Rochester
  • Currently Mixed Commercial and Residential Use
  • Planning Passed in 2019 for 6 x 1 Bed Flats (Ref: MC/19/0111)
  • Good Plot Size including Front Forecourt
Property Summary
FOR SALE BY ONLINE AUCTION. GUIDE PRICE: £550,000. AUCTION DATE: Wednesday 3rd November 2021, 11:00 AM. A Large 3 Storey Property in the Heart of Historic Rochester. Currently Mixed Commercial and Residential Use. Planning Passed in 2019 for 6 x 1 Bed Flats (Ref: MC/19/0111). Good Plot Size including Front Forecourt.
Property Features
  • A Large 3 Storey Property in the Heart of Historic Rochester
  • Currently Mixed Commercial and Residential Use
  • Planning Passed in 2019 for 6 x 1 Bed Flats (Ref: MC/19/0111)
  • Good Plot Size including Front Forecourt

DESCRIPTION
FOR SALE BY ONLINE AUCTION. GUIDE PRICE: £550,000. AUCTION DATE: Wednesday 3rd November 2021, 11:00 AM

LOCATION DESCRIPTION
The property which has been trading as a plumbing supply shop for many years lies opposite historic almshouse in Maidstone Road, Rochester and is within 0.5 miles of the town centre. The M2 lies around 4 miles to the south, linking The M25 and Dartford River Crossing.

PROPERTY DESCRIPTION
181 Maidstone Road is a 3 storey property with the lowest storey being at ground floor level to the rear. The full accommodation comprises the following:
Lower Ground Floor:
Showroom: 72.86 SqM (784 Sq Ft)
Store Room with Boiler: 7.93 SqM (85 Sq Ft) Door to rear garden
2nd Store Room: 9.19 SqM (98.92 Sq Ft)
Ground Floor:
Showroom: 72.25 SqM (777 Sq Ft)
Kitchen: 8.67 SqM (93 Sq Ft)
First Floor:
Arranged as a self-contained 3 bedroom flat of 94.41 SqM (1016 Sq Ft) comprising 3 double bedrooms, a large lounge/dining room, kitchen and shower room.

Front Exterior: A large forecourt with adopted parking bays to the road
Rear Exterior: A large rear garden mainly laid to lawn.

CURRENT BUSINESS RATES
Figures from the Valuation Office show a rateable value on the commercial shop of £12,250 per annum as at August 2021 which normally means an amount payable of between 40%-50% of this figure. Please check with the relevant local authority which is Medway Council. You as a tenant may qualify to apply for small business rates relief meaning you could pay nothing or a proportion of this payable amount.

CURRENT CLASS OF BUSINESS USE
Interested parties are to seek clarification from the local authority.

AGENT'S NOTE
The property is ideal for residential development with plans passed in March 2019 by Medway Council for conversion to 6 x 1 bedroom apartments. Plans are available via Medway Council's planning portal.


Whilst every care has been taken to prepare these marketing particulars, they are for guidance purposes only. These details, description and measurements do not form part of a contract and whilst every effort has been made to ensure accuracy this cannot be guaranteed. Interested parties must satisfy themselves by inspection or otherwise as to the correctness of them. Floor plans are not to scale and are for illustration purposes only. Any equipment, fixtures and fittings or any item referred to have not been tested unless specifically stated.

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