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Property
Peel Street, Maidstone ME14
£170,000
Peel Street, Maidstone ME14
£170,000
Our Summary
- A small site in Maidstone Town Centre considered suitable for redevelopment (STP)
- It is felt that this is a unique opportunity to acquire a small commercial site with great redevelopment potential (subject to the usual consents being obtained)
- 1) No planning applications have been submitted to date
- Site with potential (STP)
Description
This small site in Maidstone Town Centre is currently used as a commercial garage and is being sold freehold with vacant possession. The site has great redevelopment potential and is located in a prime town centre location, within walking distance of shops, leisure facilities, schools, and transport links. The owner has had preliminary sketches produced, suggesting that the site could be suitable for a semi-detached property, single-storey bungalow, or three flats, subject to the usual planning consents. This presents a unique opportunity for an investor or developer to acquire a small commercial site with potential for redevelopment. Additionally, the adjacent property at 1 Arundel Street is also available for sale, making it an ideal long-term investment opportunity that could generate £8,000 per annum in rental income.