>
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 a unique opportunity for redevelopment, currently used as a commercial garage and to be sold freehold with vacant possession. The site is situated in a prime location, within walking distance of shopping, leisure, schooling, and transport links. The current owner has had preliminary sketches produced, suggesting potential uses such as a semi-detached property, single-storey bungalow, or three flats, subject to the usual consents being obtained. The site offers great redevelopment potential, making it an ideal long-term investment property, with the potential to achieve £8,000 per annum in rental income. Additionally, the owner of the adjacent property is open to separate negotiations, providing further opportunities for development or investment.