Summary - 99, HIGH STREET ME14 1SA
1 bed 1 bath Shop
Freehold, fully let retail corner with strong income and redevelopment potential.
Freehold town centre retail investment, prominent corner pitch
A prominent, freehold retail investment occupying a corner pitch in Maidstone town centre, offered with two fully let Grade II listed units. The combined net internal area is approximately 3,840 sq ft across ground and upper floors, producing a quoted gross yield of 9.1% and a net initial yield of 8.15% after purchaser costs.
Both units sit on full repairing leases, transferring day-to-day maintenance responsibility to the occupiers and providing immediate income. Long-standing national and local operators trade nearby and the location benefits from high pedestrian flow being close to The Mall and Fremlin Walk prime retail areas.
Upper floors have future development potential subject to Listed Building constraints and planning consent; potential to add value if permissions allow. Buyers should note Grade II listing will complicate alterations and may increase refurbishment costs.
Material negatives include very high local crime levels, slow broadband speeds, a deprived local area classification and the listing status that restricts changes. EPC ratings are C65 and C73 (expiries 2032 and 2025) and the building is of solid brick construction with assumed no cavity insulation.
High street retail property for sale in 34 Lower Stone Street, Maidstone, Kent, ME15 — £325,000 • 1 bed • 1 bath • 2480 ft²
Commercial property for sale in Zoo, 23-24 Market Buildings, Maidstone, ME14 1HP, ME14 — £795,000 • 1 bed • 1 bath • 3049 ft²
Shop for sale in 93-95 High Street, Maidstone, Kent, ME14 1SA, ME14 — POA • 1 bed • 1 bath • 13063 ft²
Shop for sale in 90 Week Street, Maidstone, Kent, ME14 1RL, ME14 — £575,000 • 1 bed • 1 bath • 2964 ft²
High street retail property for sale in 158 High Street & 2a Bank Street, Tonbridge, Tonbridge, TN9 1BB, TN9 — £495,000 • 1 bed • 1 bath • 3050 ft²
Commercial property for sale in 9 Gabriels Hill & 14 King Street, Maidstone, Kent, ME15 6HL, ME15 — £1,350,000 • 1 bed • 1 bath • 7736 ft²
