29 Gaolgate Street, Stafford, Staffordshire ST16 2NT
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 17 Freehold Town Centre Commercial Investment – Gross Yield 20% 6 Week Completion Situation Located in the heart of the town's pedestrianised retail thoroughfare, adjacent to Trespass and amongst such other multiple retailers as Caffe Nero , Specsavers , Betfred , Boots Opticians and Vodafone . Stafford is the County Town of Staffordshire situated approx. 25 miles north of Birmingham. Property A mid terraced deep single storey and part two storey building comprising a Ground Floor Shop with internal access to Ancillary Space on the first floor. In addition, the property includes a rear garden/yard. Accommodation Ground Floor Shop Gross Frontage 33'0” Internal Width 25'4” narrowing at rear to 17'6” Shop Depth 62'4” Built Depth 75'5” Area Approx. 1,815 sq ft First Floor Ancillary Area Approx. 520 sq ft¹ WCs ________________ Total Area Approx. 2,335 sq ft ¹Not inspected by Barnett Ross. Area taken from VOA. VAT is NOT applicable to this Lot FREEHOLD Tenancy The entire property is let on a repairing and insuring Law Society lease to Bedcrown Limited (Bed Shop/Second Hand Furniture) for a term of 3 years from 3rd January 2023 at a current rent of £18,000 per annum exclusive. Note 1: Prior to January 2024, the tenant was paying £12,000 p.a. by way of a personal concession. Note 2: There is a £1,500 Rent Deposit held. Planning Prior Approval was granted on 1st August 2023 by Stafford Borough Council for ‘Change of use from retail to residential (class C3) of the upper floor currently in ancillary use to the ground floor retail unit' Ref: 22/35778/POTH. Click here to view the planning documentation.
