38 & 38a Gaolgate Street, Stafford
- Type:
- Investment
- Status
- For Sale
- Price:
- Offers in region of £350,000
- Size:
-
7,450 sq.ft. (692.13 sq.m.)
- Comprising two fully let retail units with residential apartments above
- Retail units - 2,290 sq.ft. (212.75 sq.m.)
- Currently producing a rental income of £32,250 per annum
- Opportunity to acquire a substantial freehold interest in the centre of the town
- Close to Ryman, O2, EE, 3 Mobile, Santander and Boots Opticians
- One unit let to Vodafone
- Prominent trading position
- Opposite proposed redevelopment of the former Co-op Department store
- Extensive return frontage
- Rear servicing
The property is prominently situated and occupies a prime position in Stafford Town Centre lying on the east side of the pedestrianised Gaolgate Street at its junction with Salter Street. Branches of RYMAN, O2, VODAFONE, 3 MOBILE, BOOTS OPTICIANS and EE are located in the vicinity.
The proposed redevelopment of the former Co-op department store opposite should enhance the location going forward.
The property comprises two retail units forming the ground floor of a three-storey building with the separately owned upper floors providing nine studio and five one-bedroomed flats accessed from Salter Street and known as No. 28.
The units are tenanted on full repairing and insuring leases with the upper floors subject to a long leasehold interest.
