Summary - Bar Chocolate,Market Buildings,MAIDSTONE,ME14 1HP ME14 1HP
1 bed 1 bath Commercial Property
Income-producing freehold pub and 11-bed HMO in Maidstone, offered with immediate income..
Freehold mixed-use building producing £72,223 pa rental income
Entire property let to a single private tenant until March 2038
11-bedroom HMO on first floor plus ground-floor trading pub layout
Rent subject to five-year OMV reviews and annual uncapped RPI increases
Grade II Listed in a conservation area — alterations restricted
Only 13 years remaining on lease — mortgage lending may be difficult
EPC E-120 (very poor) and very slow broadband speeds
Local area shows very high crime levels — impacts insurance and management
A rare freehold mixed-use investment in Maidstone’s Market Buildings, currently let in its entirety to a single private tenant. The property produces £72,223 pa with uncapped annual RPI uplifts and five-year open market reviews, offering a headline net initial yield of c.8.6% at the guide price. The tenant has provided an £18,195 rent deposit and the business is stated as unaffected by the sale.
The building provides ground-floor trading space laid out as a traditional public house with bar servery, VIP seating, ancillary kitchen and basement stores. The first floor is configured as an 11-bedroom HMO with two kitchens, lounge and three shower rooms — a clear rental-income driver in a central, student- and mixed-use neighbourhood. A small pavement-licenced seating terrace fronts Pudding Lane.
Material drawbacks are significant and should be assessed by every buyer. The property is Grade II listed and in a conservation area, restricting alterations and adding refurbishment cost and lead time. The lease has 13 years remaining to March 2038; this limited term may deter mortgage lenders or require specialist financing. The building’s EPC rating is E-120 (very poor), broadband speeds are very slow, and local crime levels are reported as very high — each a possible deterrent for some occupiers and a factor for insurance, management and tenant retention costs.
This opportunity suits investors seeking an income-producing freehold in a town-centre location who can manage listed-building constraints and leasing risk. Buyers should carry out detailed due diligence on lease terms, service liabilities, planned rent reviews, listed-building obligations and suitability for continued HMO use before proceeding.
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