Office

Medvale House, Mote Road, Maidstone ME15 6AH

 

Quoting Price: £4,500,000

Acting on behalf of Mapeley we are instructed to market this redevelopment/refurbishment opportunity. 

The property is currently a prominent office building extending to 61,585 sq ft GIA (49,664 sq ft NIA) of accommodation over eight storeys, with a site area extending to approximately 0.45 acres (0.18 hectares). Situated in the heart of Maidstone town centre, located in close proximity to the town’s leisure and retail amenities with excellent road and rail connections, due to improve further with the planned new Thames Link extension. 

Subject to planning, the property would be suitable for a residential conversion, hotel development or office refurbishment. Currently benefitting from a permitted development consent allowing for a change of use from offices to 81 residential apartments. Potential to add additional floors to the building, subject to planning. Available with full vacant possession from 1st April 2021.

We are instructed to seek offers in excess of £4,500,000 (Four Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of £73 per sq ft GIA.

Contact

John Ellison

Tel: 020 7493 3330
Mob: 07889 437 236
jellison@lewisellis.co.uk

James Caddick

Tel: 020 7493 3330
Mob: 07771 882 860
jcaddick@lewisellis.co.uk


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