Maidstone, Kent
St Peter’s Street
In partnership with the fund which owned the site, Citygrove negotiated planning consent for a 113-bed hotel and a 38,000 sq ft retail unit comprising 20,000 sq ft on the ground floor and 18,000 sq ft on a trading mezzanine. The scheme was pre-let to Travelodge and Asda Living.
Tenants
Travelodge, Asda
Size
113-bed hotel, 38,000 sq ft / 3,530 sq m retail
Completion
2009
Value on completion
£12,700,000
Annual rental income
£835,500
Ownership
CBRE Investors