Summary - 9, GABRIELS HILL ME15 6HL
1 bed 1 bath Commercial Property
**Standout Features:**
- Dual commercial leases generating an impressive £107,500 annual income.
- Grade II Listed building with future potential for residential conversion of upper floors.
- Current tenants include national covenants Paddy Power (retail) and Bliss Cafe (restaurant/bar).
- Prime location in Maidstone, near the bustling retail area with excellent access to amenities.
**Potential Downsides:**
- Seven years remaining on existing leases may impact mortgage financing options.
- The property requires some renovation and updates due to its dated appearance.
- Local crime rates are noted as very high, presenting potential concerns for security.
Nestled in the vibrant heart of Maidstone, this Grade II Listed commercial gem features two prosperous tenancies: a ground-floor retail presence occupied by Paddy Power and a well-established restaurant and bar, Bliss Cafe. With an annual income of £107,500 and a notable yield of 7.50% NIY, this investment offers a solid return in a bustling area known for high foot traffic and robust local amenities. The unique Georgian design, characterized by spacious retail frontages and expansive bay windows, holds potential for future residential conversion, adding significant value for discerning investors.
While the property is predominantly used for commercial purposes, its sizeable upper floors could be transformed, enhancing its appeal as Maidstone continues to grow. Some renovation and maintenance will be necessary to bring the property up to modern standards, and prospective buyers should note the seven-year lease duration, which may influence financing options. Overall, this is a rare investment opportunity in a prime location—making it a must-see for investors looking to capitalize on both current income and future growth potential.
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