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5 bedroom block of apartments for sale
Bank Street, Maidstone, ME14
£500,000
Bank Street, Maidstone, ME14
£500,000
Price History
Initial price | £600,000 |
13/09/24 | £500,000 |
Price Change | -16.67% |
Description
This charming property on Bank Street in Maidstone, Kent, offers a unique commercial development opportunity. The ground floor features a café and bar area with a commercial kitchen and a one-bedroom manager's flat, while the first floor has a large cellar. The property is currently licensed, but its prominent location makes it suitable for various uses, including a holiday let. The first floor kitchen and flat could be converted into a larger two-bedroom flat with separate access, increasing revenue potential. The property also features a spacious two-bedroom flat on the first and second floors, with many original features. The asking price is "Offers Over £500,000," and financial projections suggest that the ground floor could command a rental income of £24,000 per annum, while the two-bedroom holiday lets could generate an annual turnover of £54,000.