Block of flats for sale

Gaolgate Street, Stafford ST16

- Opportunity to acquire a strongly positioned income-producing residential asset
- Freehold
- Producing an income of £107,640 per annum
- Potential to actively asset manage

The subject property comprises a two-storey residential accommodation extending to approximately 6,932 sq ft gia, situated above a ground-floor parade of three commercial retail units. The building is of traditional construction, comprising solid brick walls with a combination of timber and solid floor construction.

The residential accommodation is currently configured to provide a total of 12 self-contained flats across the first and second floors, comprising four studio apartments and eight one-bedroom apartments. The residential accommodation currently produces a combined annual rental income of £107,640 per annum.

The property was originally developed in the early 1900s and has undergone a number of refurbishments and improvementS over the years. Most recently, refurbishment works were undertaken in early 2025, enhancing the specification and presentation of the residential accommodation and providing a more modern and high-quality finish.

The property occupies a prominent corner position at the junction of Craberry Street and Goalgate Street, providing good visibility and convenient access to the surrounding amenities, retail facilities and transport infrastructure.

The property is well located in relation to public transport, with Stafford Railway Station situated approximately 0.3 miles from the property. The station provides direct rail connections to a number of major UK destinations, including London Euston, Birmingham New Street and Liverpool Lime Street, providing excellent connectivity for residents and occupiers.

Selling on behalf of lpa receivers.