Last Remaining Office Available To Let – Springfield Rag Room
Springfield Rag Room, Mill Lane, Maidstone, Kent, ME14 1GU
Description
The Rag Room is a Grade II listed building, dating back to 1806. For historic interest, it is the last surviving original building of Springfield Mill, the world’s first paper mill to successfully be powered by steam. For architectural interest, the continuous upper floor glazing reflects its function, maximising daylight to enable the sorting of rags, originally the raw material for paper making.
There are a number suites, refurbished to a high quality industrial style with parking and comfort heating & cooling. The refurbished offices include perimeter trunking for electric and data and led linear lighting, along with the use of shared WC facilities on each floor. Service connections for a kitchenette in each suite are available, and tenants will have a choice of floor coverings.
Communal area cleaning, external and internal communal repairs/maintenance, electronic access control and high speed fibre (Speed subject to requirements) are included within the service charge.
Location
Situated within a new, predominantly residential development, this attractive Grade II Listed and now refurbished office building is perfectly located to provide a blend of amenities and access for staff members working at the property. It is within walking distance to Maidstone Town Centre, including the Fremlin Walk Shopping Centre and is adjacent to the River Medway and Whatman Park (access via the Millennium Bridge), a popular location for a scenic river walk or a picnic respectively. Maidstone East (serving London Victoria and Cannon Street) and Maidstone West (to St Pancras in 50 minutes) Railway Stations, providing access to and from Central London and other Kent towns, are within walking distance and the location has direct access to the A229 dual carriageway which connects with both J6 of the M20 and J3 of the M2.
Accommodation / Floor Areas
Ground Floor Office 2: 1,392 sq ft including 5 parking spaces
Terms
Available to let on a new lease for a minimum term of 3 – 5 years.
Rent
Ground Floor 2: £27,840 per annum exclusive
Service charge: Estimated to be £6 – 7 per sq ft per annum.
Rateable value
The Rateable Value is yet to be assessed. However, for estimation purposes only, similar offices are circa £16.10 per sq ft, suggesting a Rateable Value as follows:
GF Office 2: £22,405
However, this is subject to confirmation and could be higher or lower once assessed. Actual business rates payable, if you qualify for the small business rate multiplier, is currently 49.9% of the Rateable Value, from 1 April 2024 to 31 March 2025.
