42-44 Earl Street, Maidstone, ME14 1PS

on application

Overview

Description

Location

Description

FOR SALE (MAY LET) ---- Former Restaurant / Bar with Rear Access and First Floor Courtyard

The property is a double fronted Grade II Listed building, previously let to large restaurant chains, most recently Cafe Rouge. The building has accommodation over three floors, plus a basement, and benefits from two entrances off Earl Street and access at the rear via an alley.

Earl Street is the primary location in Maidstone for restaurants and neighbouring occupiers include Zizzi (adjacent), Giggling Squid, Pizza Express, Five Guys, Nando's, Superdry & House of Fraser.

New Lease May Be Considered

Centrally Located

Benefits from kitchen and bar fit out

Suitable for a variety of uses

£650,000 for the Freehold with Vacant Possession

Outside Courtyard space

Two Entrances

Rear Access

Location

The property is situated on Earl Street in Maidstone, a popular location for restaurants and bars including Zizi, Giggling Squid, Pizza Express, Nandos and Five Guys. The property is located close to the Hazlitt Theatre and just off Maidstone High Street. Maidstone is a vibrant retail centre anchored by Fremlin Walk and The Mall, which are both in close proximity to the property and contain large multi-story car parking. Maidstone has good access to the motorway network via junctions 5, 6 & 7 of the M20, and also benefits from 3 mainline stations that provide regular services to both London Victoria, plus high speed services to London St Pancras International via Strood.

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Accommodation

The property is a double fronted Grade II listed building over three floors plus basement. The ground floor contains a bar and open plan seating area, a disabled W.C., and courtyard to the rear. The first floor contains a commercial kitchen, walk-in fridge freezers, ladies and gents W.C.s. The top floor contains several rooms of ancillary space and the basement benefits from room for storage and cellar space. The property has been measured on a Net Internal Area (NIA) basis as follows:

Ground Floor - Bar and Restaurant - 1,723 sq ft = 160.11 sq m
First Floor - Kitchen and Storage - 714 sq ft = 66.33 sq m
Second Floor - Ancillary Storage - 779 sq ft = 72.35 sq m
Basement - Storage - 366 sq ft = 34.00 sq m
Total - 3,788 sq ft = 351.97 sq m

EPC

Rating B - 45

Terms

If Leased, the premises are immediately available by way of a new full repairing and insuring lease for a term to be agreed by negotiation and subject to upward only rent reviews to market rent

Rent/Price

£650,000 for the Freehold with Vacant Possession

New Lease May Be Considered

Rateable Value / Council Tax

Restaurant and Premises: Rateable Value £52,500 @ 55.5p in the £
Rates payable £29, 137.50 for the year 2025 / 2026

VAT

Unless otherwise stated, all rents/prices are quoted exclusive of Value Added Tax (VAT). Prospective occupiers should satisfy themselves as to any VAT payable in respect of any transaction.

Viewing

Strictly by prior appointment through the Surveyors. Please contact Phil Hubbard e: phil.hubbard@sibleypares.co.uk or Dominic Barber e: dominic.barber@sibleypares.co.uk