AUCTION – THURSDAY 24TH MARCH 2022 ONLINE – LOT 67
The Stafford Cinema represents a rare freehold investment/development opportunity with a prominent corner position within Stafford Town Centre, well located close to the Riverside Retail & Waterfront Leisure Development.
The property comprises of a two storey cinema which provides three screens with seating for over 600 customers and is currently providing a 7.18% Gross Initial Yield.
The town benefits from excellent road links, with junctions 13 and 14 of the M6 located approximately 3 miles to the north and south. Newport Road (A518), is one of Stafford’s main arterial routes into the town centre.
The property is close to the recently completed Waterfront Leisure & Retail Scheme which includes a large multi-storey car park and has operators including Nando’s, Marks & Spencers, Primark and Frankie & Benny’s. Stafford railway station is just a 6 minute walk (0.3miles) from the property.
We understand that pre-application advice has been received from Stafford Borough Council for a multi-storey mixed use conversion for a retail and residential block comprising of ground floor retail and apartments above. Interested parties are advised to make their enquiries to Stafford Borough Council to satisfy themselves that their proposed use is authorised and what consents are required.
Stafford Cinema is up for auction on Thursday 24th March 2022. For further information, visit the Allsop website or get in touch with the commercial team at Louis Taylor on 01782 260222.
Alternatively, if you have a commercial investment portfolio or are thinking of starting to invest do not hesitate to contact us directly and one of our team will be more than happy to offer advice and detail on the services we offer.
Ian Cotterill, Director
T: 01785 339922
M: 07894 752306
E: ian.cotterill@louis-taylor.co.uk