42 Gaol Road, Stafford
- Type:
- Investment
- Status
- Now Sold
- Price:
- Offers in region of £140,000
- Size:
-
2,870 sq.ft. (266.63 sq.m.)
- Corner position
- Distinctive architectural style
- Part let to Coral Racing Limited at £10,500 per annum
- Vacant second retail unit and first floor
- Empty areas require refurbishment
- Coral Unit - 1,275 sq.ft.
- Vacant Unit - 375 sq.ft.
- Vacant Upper Floor - 1,220 sq.ft.
The property is situated in a prominent corner position on the west side of Gaol Road, at its junction with Browning Street, Marston Road and Sandon Road, and in a well-established mixed business area located approximately half a mile north from Stafford Town Centre.
The property is of a two-storey flat-roofed brick construction built in a distinctive architectural style, the major part of the ground floor of which provides a retail unit used as a betting shop and is subject to a letting to Coral Racing Limited.
A second adjoining small retail unit, which has not been occupied for some years, forms part of the Gaol Road frontage whilst a separate entrance off Browning Street provides access to a disused first floor area comprising three rooms one of which has attractive beam features, but with the accommodation requiring extensive renovation and refurbishment to provide offices or possibly some form of community or leisure use.
The availability of the property offers a purchaser an ideal refurbishment opportunity underpinned by the income derived from the existing letting of part to a substantial tenant covenant and is likely to be of particular interest to investors, developers and potential occupiers of the vacant upper and side parts.
