Bank Street, Maidstone, ME14
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
3
- BATHROOMS
3
- SIZE
3,466 sq ft
322 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Three properties
- R.O.I. 12.5%
- Three income streams
- Over 320 sq/m
- Multiple uses
- Prime location
- Many original features
- Two flats
- Holiday lets
Description
Maidstone, Kent
Offer Over £600,000
Opportunity -
81 Bank Street has a ground floor café and bar area, circa 140 sq/m, currently there is a commercial kitchen area on the first floor, along with a one-bedroom managers flat. There is also a large cellar
81a Bank Street, two-bedroom flat in this wonderful period property, full of original features
81 Bank Street is a licensed premises, however, in such a prominent high street pedestrianised location, it is perfect for many of uses, please see the alternative use section below
81a Bank Street is currently let on an A.S.T. at £1,000 pcm, however, this stunning property could achieve much greater revenue used as a holiday let, please see financial details below
Location -
Bank Street is the most complete Medieval Street in Maidstone
The perfect location for any business wishing to benefit from heritage and footfall
Development -
The kitchen and one-bedroom managers flat on the first floor could be converted into a larger two-bedroom flat with separate access, increasing the potential revenue even further – please see the attached floorplan titled 81b Bank Street, rear flat
Internal Details -
Ground Floor is 138 sq/m, there is also a considerable cellar with good headroom used for storage
72 sq/m First Floor currently the rear section of the property on the first floor is used for the commercial kitchen space and the manager/owners flat.
First & Second Floor at the front of the property is a self-contained flat with two ensuite-bedrooms, large living room and kitchen. At 110 sq/m this is a very spacious flat, with many original features
Please see the floorplans for further information
Tenure -
Nationwide Business Sales are delighted to offer this exciting opportunity to the market at ‘Offers Over £600,000’
Financial Details –
As a stand-alone business the ground floor, with cellar should command a rental income of circa £24,000 pa
81a & 81b as two-bedroom holiday lets commanding an average of £100 per night at 60% occupancy will deliver an annual turnover of £54,000.
The rate and occupancy level suggested for the holiday lets are intentionally low to demonstrate a worst case scenario
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Bank Street, Maidstone, ME14
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Maidstone West Station0.3 miles
- Maidstone East Station0.3 miles
- Maidstone Barracks Station0.4 miles
About the agent
Nationwide Business Sales LTD, Castleford
5 Flemming Court, Castleford, WF10 5HW
Notes
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Visit our security centre to find out moreDisclaimer - Property reference RX400418. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Nationwide Business Sales LTD, Castleford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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