Commercial Property in Chart Sutton available for sale
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Commercial Properties for Sale near Chart Sutton, Maidstone

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Commercial Properties for Sale Within 5 miles of the Chart Sutton, Maidstone

More details for 4-6 Rose Yard, Maidstone - Retail for Sale

The Source Bar - 4-6 Rose Yard

Maidstone, ME14 1HN

  • Retail for Sale
  • £700,000
  • 6,949 sq ft
  • Security System

Maidstone Retail for Sale

-- PRICE REDUCED -- For Sale - Substantial Hospitality / Events / Nightclub Premises in popular Maidstone Town Centre. Currently trading as the Source Bar nightclub which has been operating for approximately 25 years. The property is located within Rose Yard in the town centre of Maidstone, the county town of Kent. It is located within a two minute walk of Fremlin Walk, the premier shopping destination within Maidstone, and is therefore close to local amenities. Maidstone has good communications with access to the motorway network via junctions 5, 6 & 7 of the M20, and also benefits from 2 mainline stations that provide regular services to both London Victoria, and high speed services to London St Pancras International via Strood. The property comprises a substantial two-storey night club facility, comprising two bars on the ground floor and first floor respectively. The premises also benefits from a staff office space on the second floor. The ground floor can be accessed via two separate entrances, both leading into the main bar which has 4 dedicated servicing areas allowing for up to 6 bar staff. To the rear is a second dance floor and cocktail bar, leading to an external drinking area and DJ booth to the back of the premises. Also on the ground floor are two separate ladies and gents WC facilities, including a disabled WC. The first floor comprises a lounge bar and a club room, each with their own separate bars and balcony smoking areas. the first floor also benefits from its own WC facilities. The premises have been measured on a Gross Internal Area (GIA) as follows: Ground Floor - 3,213 sq ft (298.54 sq m) First Floor - 2,422 sq ft (225.00 sq m) Second Floor - 452 sq ft (42.00 sq m) Total GIA - 6,494 sq ft (603.31 sq m) Licences We understand the property benefits from the following Licences; The property benefits from a 24 Hour Trading Licence The Venue has a Licence for 600 People Additional Licence for External Events for 1,300 People

Contact:

Sibley Pares Chartered Surveyors

Property Subtype:

Bar

Date on Market:

07/10/2024
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LoopNet UK Kent Maidstone Commercial Properties For Sale in Chart Sutton, Maidstone, UK

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FAQs about Commercial Properties For Sale in Chart Sutton

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How many Commercial Property listings are available for sale in Chart Sutton?
There are currently 0 Commercial Properties available for sale near Chart Sutton. These Chart Sutton Commercial Property listings have an average size of. The largest available listing in Chart Sutton is. The thriving commercial centre and excellent transport links in Chart Sutton make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Chart Sutton?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in Chart Sutton currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in Chart Sutton?
There is a diverse range of commercial properties available in Chart Sutton to suit various business needs. Chart Sutton offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 0 Chart Sutton commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the Chart Sutton, Maidstone

Market Overview for Commercial Properties in Chart Sutton

Key information for Commercial Properties investors in Chart Sutton and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Maidstone £133 5,788 sq ft
Dymchurch £161 386 sq ft
Staplehurst £125 3,063 sq ft
Sheerness £57 13,970 sq ft
Lenham £119 8,614 sq ft

Rental Price Trends in Chart Sutton

The price per square foot range for Commercial Properties in Chart Sutton and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Maidstone £43 £133 £374
Dymchurch £161 £161 £161
Staplehurst £125 £125 £125
Sheerness £40 £57 £74
Lenham £119 £119 £119

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Chart Sutton area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Maidstone 780 sq ft 5,788 sq ft 60,000 sq ft
Dymchurch 386 sq ft 386 sq ft 386 sq ft
Staplehurst 1,615 sq ft 3,063 sq ft 9,472 sq ft
Sheerness 4,221 sq ft 13,970 sq ft 23,718 sq ft
Lenham 8,614 sq ft 8,614 sq ft 8,614 sq ft

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