Maidstone

 

Acquired in 2012 by clients, this high yielding office investment of 22,000 sqft was let to a major UK insurance company. The building is in the city centre of Maidstone with excellent transport links and close to local amenities.

 

 

On termination of the lease it was determined that despite being acquired as an office investment best returns could be generated through conversion to residential under newly implemented permitted development rights. Planning for 30 apartments was granted in 2014 and the property was later sold, providing a ROI of over 100%.