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Shrewsbury Mall, Market Street, Rugeley, Staffordshire, WS15 2JT

Guide Price
£700,000

£75.19 per sq ft

Business rates & charges may apply

Creative Retail, Birmingham
SIZE AVAILABLE

9,310 sq ft

865 sq m

SECTOR

High street retail property for sale

Key features

  • Busy Town Centre Shopping Mall.
  • Recently re-let to Argos.
  • Opportunity to increase income via letting of Unit 1.

Description

Location

The premises are located in Rugeley Town Centre being adjacent to Poundland with other nearby retailers including Iceland, The Rugeley Spice Restaurant and Collin Lee Opticians.


Description

Units 1 - 8 Shrewsbury Mall comprise a purpose built Shopping Mall in the centre of Rugeley. The property is arranged over ground and first floors, with two externally-facing retail units and two internally/mall-facing retail units. There is a Council pay-and-display car park immediately to the rear of the property as well as a dedicated tenant loading yard.


Tenure Comments

We are seeking offers in the region of £700,000, exclusive, for the freehold interest. A purchase at this level reflects a net initial yield of 9.2% (assuming purchasers costs of 6.8%). The reversionary yield on letting the vacant space is 10.1%.

EPC

Unit 1 -
Unit 2 -

Service Charge Information

The landlord runs a service charge to cover tenants contributions to the maintenance and repair of common parts. 2026 Budget runs at £xxxxx with a landlord shortfall of £xxxxx.


Insurance

The landlord insures the premises via their group policy and recharges to scheme tenants on a proportional basis.

Planning

We understand from our enquiries via Cannock Chase District Council website that the property is not listed but does lie within a Conservation area.


VAT

VAT is applicable and will be payable in addition to to purchase price.

Legal Costs

Each party will be responsible for covering their own legal costs incurred in the transaction.

Shrewsbury Mall, Market Street, Rugeley, Staffordshire, WS15 2JT

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Rugeley Town Station0.5 miles
  • Rugeley Trent Valley Station0.7 miles
  • Hednesford Station4.5 miles

About Creative Retail, Birmingham

51 Regent Parade, Birmingham, B1 3NS

Commercial Retail Property Consultants

Creative Retail are a Birmingham-based retail and leisure property practice.

We specialise in the Midlands Retail & Leisure property markets ? including High Streets, Shopping Centres, Leisure Schemes and Out of Town Retail Warehousing.

Passionate about Retail and Leisure; we provide a modern, professional, and dynamic service to our clients.

Commercial Property Agency

We pride ourselves on offering clients specific, accurate and targeted advice in a constantly evolving industry and market.

Our agency services include:

. Lettings

. Acquisitions & Disposals

. Development & Site Finding

. Investment strategy

. Asset Management

Commercial Property Development In what is becoming an increasingly competitive sector, Creative Retail are able to offer guidance on all stages of the retail development process from initial appraisals and site sourcing through to pre-let tenancy agreements and exit strategy.

We work closely with private sector developers and investors and our in-depth knowledge of retailer requirements combined with our considerable experience with property transactions means that we are able to offer our clients an unparalleled service and a 360º appreciation of the workings behind the development process.

Commercial Property Investments

Detailed and up-to-the-minute knowledge has never been more important when formulating investment strategies for Retail and Leisure Property. The pace of change in the sector is ever increasing and strategies that worked just months ago may need adapting to extract best value and maintain exposure to risk.

When advising our clients on their investments, we report on a broad range of factors beyond the fundamentals of covenant, lease terms and physicality of asset. These include:

. Occupiers changing requirements and business models

. Tenants trading strength

. Existing competition and proposed new occupiers and schemes in the locality

. Inward investment into specific areas from regional funding, private equity and government initiative.

We achieve this by leveraging the connections and relationships we have formed working exclusively in the retail and leisure sector.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 541FH. 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 Creative Retail, Birmingham. 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.

Map data ©OpenStreetMap contributors.

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