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Retail Property (high street) for sale

Martin Street, Stafford, Staffordshire, ST16

Sold STC £92,000

Property Description

Key features

  • Former Dental Surgery
  • Potential rent 12,000 pa
  • Potential yield 13.04%
  • Pedestrianised section
  • Multiple Potential Alternative Uses
  • Planning For A2 and B1 Uses
  • Town Centre Location
  • Rateable Value 8,200
  • Ideal Investment Opportunity
  • Period property

Full description

Location
The property is situated on Martin Street just off Greengate Street, a busy high street within Stafford Town Centre. The subject property is within a pedestrianised area. Located close to the subject property are a number of retail outlets which generate some good footfall. Nearby establishments include; HSBC, Starbucks & WH Smith's.

Description
The ground floor space comprises of reception and patient wating area, office, WC facilities and storage area.

To the first floor there is a large landing area which has good circulation space, together with two further rooms currently set up for surgery use, a fitted out treatment room and a stock room.

The second floor is currently utilised as the staff room/kitchen and staff WC.

Possible alternative uses, subject to planning consent being obtained, could iclude retail, medical clinic, hairdresses, beauty salon, A2 office use or chemists etc.

Please note an internal inspection of this property has not been undertaken.

Tenure
Freehold

Business Rates
The premises have a current rateable value of 8,200
Rates payable 2015 / 2016 are approximately 4,042.60 pa

Investment Analysis
We estimate the property will let for 12,000 per annum exclusive, reflecting a 13.04% net initial yield before purchasers costs. .

Accommodation
Property Not Measured

Services
We understand the property has mains gas, electric, water and drainage.

Tenure & Service Charge
Freehold

Services
We understand the property has mains gas, electric, water and drainage.

Tenure & Service Charge
Freehold

Business Rates
The premises have a current rateable value of 8,200

Rates payable 2015 / 2016 are approximately 4,042.60 pa


*Guide Price
92,000

More information from this agent

Nearest stations

  • Stafford (0.3 mi)
  • Norton Bridge (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Stafford (0.3 mi)
  • Norton Bridge (5.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 3martinst. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Pye Property, Nottingham . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call John Pye Property, Nottingham on 0115 970 6060.


Map data OpenStreetMap contributors.