Commercial Property in ME16 available for sale
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Commercial Property for Sale near the ME16, Maidstone

Explore the Latest ME16 Commercial Property for Sale

Commercial Properties for Sale Within 5 miles of the ME16, Maidstone

More details for 90 Week St, Maidstone - Retail for Sale

90 Week St

Maidstone, ME14 1RL

  • Retail for Sale
  • £575,000
  • 2,964 sq ft
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More details for 306 London Rd, Leybourne - Retail for Sale

The Wheatsheaf - 306 London Rd

Leybourne, ME19 5AT

  • Retail for Sale
  • £500,000
  • 4,060 sq ft
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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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More details for 93-95 High St, Maidstone - Retail for Sale

93-95 High St

Maidstone, ME14 1SA

  • Retail for Sale
  • £1,800,000
  • 13,063 sq ft
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More details for 45-47 Earl St, Maidstone - Retail for Sale

45-47 Earl St

Maidstone, ME14 1PD

  • Retail for Sale
  • £1,250,000
  • 4,644 sq ft
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FAQs about Commercial Properties For Sale in ME16

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How many Commercial Property listings are available for sale in ME16?
There are currently 1 Commercial Properties available for sale near ME16. These ME16 Commercial Property listings have an average size of. The largest available listing in ME16 is. The thriving commercial centre and excellent transport links in ME16 make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in ME16?
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 ME16 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 ME16?
There is a diverse range of commercial properties available in ME16 to suit various business needs. ME16 offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 1 ME16 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 ME16, Maidstone

You searched for commercial property for sale in ME16. Explore 1 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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