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
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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* More information on the term "guide" can be found here

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
  • 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

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.

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.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    85 KB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    597 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Blacks Solicitors LLP Hanover House, 22 Clarendon Road
Leeds
West Yorkshire
LS2 9NZ
Beth Laidler 0113 227 9209blaidler@lawblacks.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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