LOT 6 · COMMERCIAL PROPERTY
18 Gaolgate Street
Stafford, ST16 2BQ
A Substantial Mid Terrace Commercial Building Measuring 22,617 sq.ft Producing £25,000 Per Annum
Property description
The property consists of a substantial mid-terrace commercial building, arranged as a ground floor retail unit with ancillary accommodation on the first floor. There is potential to convert the upper parts to residential (subject to obtaining all relevant consents)
Accommodation
Ground Floor
Shop Area
First Floor
Ancillary Accommodation
Location
The property is located on a pedestrianised street, conveniently close to a variety of local shops and amenities. Nearby occupiers include Oxfam, Caffè Nero, and Ryman. The open green space of St George’s Play Area is also within easy reach, while excellent transport connections are provided by Stafford railway station.
Addendum
There is an additional buyers premium of £3,500 Plus VAT applicable on this lot. This is in addition to the buyers admin fee of £1,000 Plus VAT. Both fees are payable to the auctioneers.
Run the Numbers
Explore rental returns and monthly repayments for this property.
Your rental returns
- Gross yield
- 13.5%
- Net yield
- 13.5%
- Annual income
- £24,996
Net yield deducts your annual running costs, before tax and finance.
Yields use the purchase price and assume 12 months’ rent. Include maintenance, insurance, management and vacancy allowances in annual costs. Tax, finance and purchase fees are excluded.
Illustrative estimates only, not financial advice or a lending offer. Confirm funding and the completion deadline before bidding.
Additional Fees & Important Information — Swift Property Auctions
Buyer's Premium & Disbursements
Some lots may include additional charges on completion. Full details are contained within the legal pack and addendum and should be reviewed before bidding.
Guide & Reserve Prices
Guide prices reflect the seller's minimum expectation at the time of listing. They are not valuations and may change prior to auction. All lots are offered subject to a Reserve Price, being the minimum the seller has authorised a sale at.
Administration Fee
A fee of £1,800 (including VAT) is payable on exchange, unless stated otherwise in the addendum.
Available Prices (Post-Auction)
Where a property remains unsold, an Available Price may be advertised. This reflects the seller's expectations post-auction and is subject to contract.
Reliance on Guide Prices
Swift Property Auctions and the seller accept no responsibility for any loss arising from reliance on Guide Prices. It is the bidder's responsibility to determine the level at which they wish to bid.
Fees, VAT & Additional Charges
Guide Prices exclude the buyer's fee, VAT (if applicable), and any seller's costs. These are detailed within the Special Conditions of Sale.
Accuracy & Property Condition
Particulars, images and measurements are for guidance only and may change. No warranty is given as to condition or structure. Buyers should make their own enquiries and obtain professional advice before bidding.
Withdrawn or Pre-Sold Lots
Neither Swift Property Auctions nor the seller will be liable for costs or losses relating to lots withdrawn or sold prior to auction.
PROPERTY ENQUIRY
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