Shop for sale

4-16 Brook Square, Rugeley, Staffordshire, WS15

£950,000
9,167 sq. ft.

Property Description

Commercial information

  • 9,167 sq ft (851 sq m)

Key features

  • Freehold Investment Opportunity For Sale
  • Shopping parade comprising 5 shops.
  • Fully let (tenants include W H Smith).
  • Producing 80,950 per annum.
  • Freehold - 950,000, representing a NIY of 8.06% allowing for purchasers costs of 5.69%

Full description

Tenure: Freehold

DESCRIPTION
The opportunity comprises a large ground floor shop unit
with ancillary accommodation on the first and second floor.
There are four further retail units with ancillary
accommodation on the first floor only. To the rear is a
shared service yard accessed from Elmore Lane.


PROPOSAL
£950,000 is sought for the freehold interest, subject to contract. This represents a Net Initial Yield of 8.06% based on a current income of £80,950 per annum after deducting purchasers costs of 5.69%

VAT
We are advised that VAT is applicable on the purchase price,
however prospective purchasers should satisfy themselves in
this regard.


LOCATION AND SITUATION
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 town's shopping
centre on the corner of the pedestrianised Brook Square at
its junctions with Upper and Lower Brook Street and Brewery
Street.
Occupiers close by include Boots, Greggs, Clintons, Costa
Coffee, New Look, HSBC, Barclays, Iceland and Morrisons
supermarket.


EPC
Available upon request.


More information from this agent

Nearest stations

  • Rugeley Town (0.4 mi)
  • Rugeley Trent Valley (0.8 mi)
  • Hednesford (4.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, West Bromwich

8th Floor West Plaza, 144 High Street, West Bromwich, B70 6JJ

0121 396 0838 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

  • Rugeley Town (0.4 mi)
  • Rugeley Trent Valley (0.8 mi)
  • Hednesford (4.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, West Bromwich

8th Floor West Plaza, 144 High Street, West Bromwich, B70 6JJ

0121 396 0838 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 4_16_Brook_Square_Rugeley. 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 Bond Wolfe, West Bromwich. 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.

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