Commercial Property
A mixed-use premises with 21 years unexpired term located in a prime position, benefiting from from a highly visible frontage and rear parking. The property comprises a three-storey brick built mid-terrace building surmounted by a pitched roof located along Upper Brook Street. The tenants currently rent the whole premises and we feel that in the future reconfiguration could take place to have separate tenants if desired, subject to obtaining appropriate planning consent.
A kebab and pizza take away with six covers. The front gross internal area is 190 sq.foot and comprises extraction unit and serving counter. To the rear is a storage and food preparation area with dimensions of approximately 270 sq.foot.
Accessed from an internal staircase leading to a landing with bathroom, wc and large storage room off.
Two bedrooms and a bathroom.
Rugeley, with a population of some 23,000, is a Staffordshire
market town situated on the A51 approximately 8 miles
south-east of Stafford. The M6, located to the south and
west, provides good road links to the national motorway network.
The property is situated in the heart of the towns shopping
centre on the corner of the pedestrianised Brook Square at
its junctions with Upper and Lower Brook Street and Brewery
Street providing substantial passing trade both day and night.
We are advised the property is freehold and will be offered with the existing tenancy in place which covers the whole premises.
We have been advised that there is a 23-year tenancy agreement in place with 21 years unexpired term subject to a rent passing of £840 per calendar month. We have not inspected the tenancy agreement and would advise interested parties download the legal pack for more information.
We understand that VAT will not be chargeable on this transaction.
Freehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1,500 inc. VAT
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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