Stafford – 2/3 Greengate Street

Description

• Stafford is the county town of Staffordshire, located in the West Midlands, approximately 22 miles (35.4 km) north-west of Birmingham and 113 miles (214.0 km) north-west of London.
• Stafford is a key economic centre, accounting for approximately 65.5% of Staffordshire’s £33.6 billion GDP (ONS).
• The town centre is undergoing a significant £70 million programme of regeneration, including the transformation of the Council-owned Guildhall Shopping Centre and the former Co-op department store.
• The subject property is a highly attractive building positioned on the northern side of Greengate Street – Stafford’s prime retail thoroughfare.
• The property is let entirety to TG Jones Retail Holdings Limited on a 10-year lease expiring 14th December 2035, at a current rent of £70,000 per annum.
• The lease is subject to a tenant break option on 14th December 2030 (£26,250 break penalty).
• The property benefits from a busy Post Office kiosk at first floor level.
• Freehold.