30 Gaolgate Street Stafford Staffordshire ST16 2NT

30 Gaolgate Street
Stafford
Staffordshire
ST16 2NT

Freehold Retail Investment

Let to Trespass Europe Limited with a guarantee from Jacobs & Turner Limited
Adjacent to Edinburgh Woollen Mill and opposite Sports Direct
Pedestrianised town centre location
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
45
Auction
8th December 2016
Rent
£50,000 per Annum Exclusive
Status
Sold
Price
£390,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to Trespass Europe Limited with a guarantee from Jacobs & Turner Limited
Adjacent to Edinburgh Woollen Mill and opposite Sports Direct
Pedestrianised town centre location
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 45
Auction 8th December 2016
Rent £50,000 per Annum Exclusive
Status Sold
Price £390,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads: A449, M6
Rail: Stafford
Air: Birmingham International

Situation

The property is located in a prime retailing location on the pedestrianised Gaolgate Street in the heart of Stafford town centre, close to its junctions with Stafford Street and Salter Street. The Guildhall Shopping Centre is located nearby and houses retailers including Clarks, Claire’s Accessories, The Body Shop and Poundland. Other nearby occupiers include The Edinburgh Woollen Mill, Dorothy Perkins, Accessorize and H Samuel.

Tenure

Freehold.

Location

Miles: 16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads: A449, M6
Rail: Stafford
Air: Birmingham International

Situation

Tenure

Freehold.

Description

The property comprises a shop arranged on the ground, first and second floors.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a shop arranged on the ground, first and second floors.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Reversion
Ground First Second	Retail/Ancillary Office/Retail Ancillary/Storage	278.51 sq m 120.30 sq m 20.99 sq m	(2,998 sq ft) (1,295 sq ft) (226 sq ft)	TRESPASS EUROPE LIMITED (1) with a guarantee from Jacobs & Turner Limited (2)	5 years from 14/11/2016	£50,000	13/11/2021
Totals		419.82 sq m	(4,519 sq ft)			£50,000

(1) Trespass Europe Limited is one of the UK’s most successful outdoor clothing retailers with a network of over 150 stores. (Source: www.trespass.com 11/11/2016)
(2) For the year ending 28th June 2015, Jacobs & Turner Limited reported a turnover of £87,924,128, pre-tax profits of £2,318,401 and a total net worth of £44,935,063. (Source: Experian Group 11/11/2016)
(3) The lease is subject to a rolling tenant’s break option from and including 14th November 2017, subject to three months’ written notice.