18 Gaolgate Street, Stafford
- Type:
- Investment
- Status
- For Sale
- Price:
- Offers in region of £275,000
- Size:
-
22,600 sq.ft. (2099.61 sq.m.)
- Dual frontage to Gaolgate Street and Princes Street
- Opposite The Butler’s Bell, Ryman and Café Nero
- Near to Hogarths Public House, Iceland, British Heart and Home Bargains
- Currently producing £25,000 per annum
- Potential for future division and residential development
The property occupies an important trading position in Stafford town centre and lies on the west side of the pedestrianised Gaolgate Street between its junctions with Stafford Street and Gaol Square and with a secondary frontage to Princes Street.
Branches of multiples including THE BUTLER'S BELL, HOGARTHS (Amber Taverns) and CAFÉ NERO, all in the hospitality sector, are also represented in this part of the main street. ICELAND, BRITISH HEART and HOME BARGAINS have trading presences at the rear.
The property comprises a two-storey building of flat-roofed brick construction providing accommodation arranged on the ground and first floors with a sizeable rectangular sales area provision and staircase and goods lifts access to staff facilities and ancillary storage space on the upper level.
The premises were ordinally occupied by Sports Direct for a number of years for the sale of sporting items and leisure wear but is now let and used as a charity shop and foodbank.
The property would be suitable for a wide variety of alternative trading types if it became available with vacant possession in the future or possibly for non-retail use with potential for the redevelopment of the upper parts for residential purposes subject to planning consent.
