16 High Street

Maidstone

With substantial upper parts within this period property, the primary business function and one of greatest development values, was the conversion of these areas into 8 apartments.

A former NatWest Bank, the entire property was acquired unconditionally by BHP.

Once planning consent was obtained, the ground floor was separated from the upper parts which were renovated into 8 apartments and these were sold.

STRENGTHS

  • The period property was aesthetically very pleasant
  • The significant upper parts were suitable for conversion into apartments

OPPORTUNITIES

  • To convert the upper parts into 8 apartments
  • To secure Cheltenham & Gloucester as a tenant, a known requirement in the market place.

WEAKNESSES

  • The period nature of the property restricted ideal residential layouts
  • No car parking

Threats

  • Planning risk in relation to the upper parts
  • Lack of car parking would deter some potential buyers