StaffordUnit 1, Greyfriars Place Location

The town of Stafford lies some 27 miles northwest of Birmingham and some 17 miles south of Stoke on Trent and has excellent communications with both junctions 13 and 14 of the M6 motorway, approximately 3 miles to the southwest and north respectively.

The retail unit is located fronting the busy A34 situated between Madford Retail Park and Greyfriars Retail Park in the heart of out of town retailing in the north of Stafford.

Description

The premises provide a retail unit with a wide frontage onto a car park providing 33 spaces and with the benefit of front loading. The rear of the building fronts the A34 (Greyfriars) offering extensive signage potential and the possibility of incorporating further retail frontages, subject to statutory consents, similar to other retail units in the vicinity. Greyfriars Place is predominantly frequented by retailers and trade occupiers with Madford Retail Park having representation from Wickes, Currys and Lidl, whilst Greyfriars Retail Park is fully let to MFI, Allied and Dreams with Homebase being opposite. Other multiple retailers in the vicinity include Magnet, Ten Pin Bowling, KFC and Dulux Decorators Centre with other local and regional operators retailing lighting, carpets, bathrooms etc.

Accomodation

The premises are arranged over ground floor only and from information provided by our clients we are advised that the premises have the following floor area:-

Gross Internal Area: 6,788 sq.ft (23.86 m)

The premises currently provide a main area of retail showroom with staff, storage and loading facilities located to the left hand side of the building.

Terms

The premises are currently held by way of a 25 year lease from 24th June 1992 expiring 23rd June 2017 and subject to 5 yearly rent reviews with the next being 24th June 2012.

Rent

The current rent passing is £69,577 per annum exclusive equating to £10.25 psf.

Rates

We are advised by Stafford Borough Council that the premises are assessed for rates as follows:-
Rateable value for year 2010/2011: £79,000

Legal costs

Each party to bear their own legal costs, including stamp duty and VAT, in respect of all legal documentation produced in this transaction.

Further information/viewing

Please note staff are unaware of this proposed disposal and as such all viewing arrangements and requests for further information should be made via the offices of Mowbray Gill.

Brochure

View brochure (PDF 2.88Mb)

Contact

Ian Gill – ian@mowbraygill.co.uk