Brewery Street, Rugeley, Staffs WS15 2DY

• Current rental income is £181,000pa 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)

Property Description

Tenure: Freehold

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 £181,000 a waiting list of potential
tenants looking to take space within the complex. At £181,000
as an income this produces a yield of over 14.5% 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.