Commercial Property
Value Added Tax
We understand that VAT will not be chargeable upon this transaction.
The property occupies a prominent frontage to the western side of Upper Brook Street, a pedestrianised shopping area within the heart of Rugeley Town Centre. Within the vicinity there is a good mix of regional and national retailers including HSBC, Lloyds Pharmacy, Thomas Cook, WHSmith, Barclays, Lloyds Bank and Boots the chemist. To the rear the property fronts the Rugeley bus terminal and market hall.
The property is considered to occupy an excellent catchment area for its various existing uses and for other alternative retail uses subject to any appropriate planning permission.
Rugeley is a historic market town situated between the towns of Stafford, Cannock, Lichfield and Uttoxeter. The population as shown in the 2001 census was £22,724.
The property comprises a town centre mid terraced part single part three storey property. The property is currently configured to provide four retail units on the ground floor and three residential apartments on the upper floors.
The property has an attractive frontage to Upper Brook Street whilst two of the retail units are located to the rear and look on to the bus terminal and Rugeley Market Hall.
The three apartments have been sold on a long Leasehold basis each for 125 years, and each producing a Ground Rent of £100 per annum the larger retail unit currently trading as a William Hill has been sold subject to a 999 year Lease at a Peppercorn.
Commercial Investment
A Freehold Mixed Use Town Centre Investment
Current Rent Income: £13,700 per annum
We understand that the property is Freehold and is being sold subject to the existing tenancies.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
