£1,250,000
(£54.35/sq. ft)
Retail premises for saleBrewery Street Shopping Centre, Brewery Street, Rugeley WS15
23,000 sq. ft
Freehold
About this property
Current rental income is £166,524pa with asset management possibilities
Fully managed, hands off site with service charge covering centre manager
Gia in excess of 23,000 sq ft with wrap around car park for customers
EPC: Ground floor – Band C (58), First floor – Band C (70)
Description
An income producing investment consisting of a former
market hall, now shopping centre with a large number of
independent traders and retailers. The site has had
significant investment over the last couple of years with a
new roof, new windows and doors, new internal lift and
full redecoration. The site is almost 100% occupied at present
providing an income of £166,524 a waiting list of potential
tenants looking to take space within the complex. At £166,524
as an income this produces a yield of over 13.3% to the new
owner with asset management opportunities available in the
future to increase this level. Brewery Street Shopping Centre
has over 20 active tenancies with some in occupation here for
many years with all tenants on licence agreements and paying
service charge.
The site is effectively split into two with a larger number of
occupants on the ground and two bigger tenants on the upper
floor with an antique store and children’s soft play area.
Location
The site occupies a prominent position in Rugeley town centre
with multiple parking spaces and easy access onto the A460 and
Rugeley train station. Brewery Street leads into the
pedestrianised section of the town where retailers such as
Boots and Greggs have units amongst many others.
Services
All main services are connected. No services have been tested
by the agents. All tenants pay their own services via service
charge which also includes the fair use of electricity.
VAT
The sale price is subject to VAT.
Tenure
Available freehold, subject to contract and with the benefit of
the existing lease agreements.
Business Rates
The tenants are responsible for payment of any business rates
liability where applicable.
Tenancy Details
All active tenants have licence agreements which run either
weekly or monthly.
Accommodation
Ground floor
A collection of 23 units of different size and configuration.
First floor
A large antique store and a fully enclosed children’s soft play
area.
Service Charge
There is service charge payable by all tenants which covers the
centre management and the fair use of electricity.
Anti Money Laundering Regulations
In accordance with the anti-money laundering regulations, two
forms of identification will be required (e.g. Photographic
driving license, passport, utility bill) from the applicant and a
credit check may also be required, the cost of which will be the
responsibility of the applicant. Where appropriate we will also
need to see proof of funds.
An income producing investment consisting of a former
market hall, now shopping centre with a large number of
independent traders and retailers. The site has had
significant investment over the last couple of years with a
new roof, new windows and doors, new internal lift and
full redecoration. The site is almost 100% occupied at present
providing an income of £166,524 a waiting list of potential
tenants looking to take space within the complex. At £166,524
as an income this produces a yield of over 13.3% to the new
owner with asset management opportunities available in the
future to increase this level. Brewery Street Shopping Centre
has over 20 active tenancies with some in occupation here for
many years with all tenants on licence agreements and paying
service charge.
The site is effectively split into two with a larger number of
occupants on the ground and two bigger tenants on the upper
floor with an antique store and children’s soft play area.
Location
The site occupies a prominent position in Rugeley town centre
with multiple parking spaces and easy access onto the A460 and
Rugeley train station. Brewery Street leads into the
pedestrianised section of the town where retailers such as
Boots and Greggs have units amongst many others.
Services
All main services are connected. No services have been tested
by the agents. All tenants pay their own services via service
charge which also includes the fair use of electricity.
VAT
The sale price is subject to VAT.
Tenure
Available freehold, subject to contract and with the benefit of
the existing lease agreements.
Business Rates
The tenants are responsible for payment of any business rates
liability where applicable.
Tenancy Details
All active tenants have licence agreements which run either
weekly or monthly.
Accommodation
Ground floor
A collection of 23 units of different size and configuration.
First floor
A large antique store and a fully enclosed children’s soft play
area.
Service Charge
There is service charge payable by all tenants which covers the
centre management and the fair use of electricity.
Anti Money Laundering Regulations
In accordance with the anti-money laundering regulations, two
forms of identification will be required (e.g. Photographic
driving license, passport, utility bill) from the applicant and a
credit check may also be required, the cost of which will be the
responsibility of the applicant. Where appropriate we will also
need to see proof of funds.
Mortgage calculator
Monthly repayment
£6,253 per month
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