17 Gaolgate Street Stafford Staffordshire ST16 2BQ

17 Gaolgate Street
Stafford
Staffordshire
ST16 2BQ

Freehold Retail Investment

Let to RAL Limited (a part of The Novomatic Group)
Lease expires in June 2024
Rent Review in June 2019
Nearby occupiers include Sports Direct, Accessorize, Caffè Nero and The Edinburgh Woollen Mill
Close to Guildhall Shopping Centre with retailers including Poundland, Card Factory and Clarks
Attractive and historic Staffordshire county town

Lot
53
Auction
7th December 2017
Rent
£30,780 per Annum Exclusive
Status
Sold
Price
£275,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to RAL Limited (a part of The Novomatic Group)
Lease expires in June 2024
Rent Review in June 2019
Nearby occupiers include Sports Direct, Accessorize, Caffè Nero and The Edinburgh Woollen Mill
Close to Guildhall Shopping Centre with retailers including Poundland, Card Factory and Clarks
Attractive and historic Staffordshire county town

Lot 53
Auction 7th December 2017
Rent £30,780 per Annum Exclusive
Status Sold
Price £275,000
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: A34, M6 (Junction 14)
Rail: Stafford Railway Station
Air: Birmingham International Airport

Situation

The property is situated on the western side of the pedestrianised Gaolgate Street, north of Market Square, in the heart of Stafford town centre. The Guildhall Shopping Centre is located about 150m from the property with retailers including O2, Card Factory, Poundland, Body Shop and Clarks. Other nearby occupiers include the adjacent Sports Direct, along with The Edinburgh Woollen Mill, Argos, Iceland, Greggs, Costa, Caffè Nero and Boots the Chemist.

Tenure

Freehold.

Location

Miles: 16 miles north of Wolverhampton, 30 miles north of Birmingham
Roads: A34, M6 (Junction 14)
Rail: Stafford Railway Station
Air: Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation including customer toilets to the rear. The first and second floors provide ancillary accommodation and are not presently used.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor shop with ancillary accommodation including customer toilets to the rear. The first and second floors provide ancillary accommodation and are not presently used.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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	Review
Ground First Second	Retail Ancillary Ancillary	82.96 sq m 24.99 sq m 21.00 sq m	(893 sq ft) (269 sq ft) (226 sq ft)	RAL LIMITED (1) t/a Silvers Amusements	Approximately 15 years from 09/06/2009 to and including 23/06/2024 on a full repairing and insuring lease (2)	£30,780	24/06/2019
Totals		128.95 sq m	(1,388 sq ft)			£30,780

(1) For the year ending 31st December 2016, RAL Limited reported a turnover of £40,126,217, pre-tax profits of £1,891,568 and a total net worth of £29,596,184 (Source: Experian Group 03/11/2017). RAL Limited is part of Talarius Limited who are a part of The Novomatic Group. The Novomatic Group is one of the largest gaming technology companies in the world, employing over 28,000 people worldwide and reporting a turnover of 2,300,000,000 Euros for 2016 (Sources: Experian Group and www.novomatic.com 03/11/2017).
(2) The lease is full repairing and insuring save that the interior of the upper floors are subject to a Schedule of Condition and should be maintained by the tenant in a wind, watertight and safe condition. The first and second floors are not presently used by the tenant.