Stafford shops opening - Turning into a boom town?

Gareth

Well-Known Forumite
It just goes to show how little credibility Stafford’s shopping area has in the eyes of external investors, when a major building like that, probably the second largest shop floor space in the town after the old Co-Op, situated on the main shopping street, fails to even reach its guide price, and ends up having to be sold for the price of a small house.

Utter tosh again.

Yet the building that the Halifax lease just sold for 850k.....hardly a lack of confidence.
 

Feed The Goat

Well-Known Forumite
Utter tosh again.

Yet the building that the Halifax lease just sold for 850k.....hardly a lack of confidence.

Yes, plenty of confidence for a bank that is tied to a long lease

Very little confidence that the old M & S will find a tenant hence the ridiculously low price of 300k

Also, the old Arcadia store is available to rent at 27.5k, which again shows the desperate state of that area of Stafford. That building used to fetch upwards of £75k per annum.
 

Gareth

Well-Known Forumite
Yes, plenty of confidence for a bank that is tied to a long lease

Very little confidence that the old M & S will find a tenant hence the ridiculously low price of 300k

Also, the old Arcadia store is available to rent at 27.5k, which again shows the desperate state of that area of Stafford. That building used to fetch upwards of £75k per annum.

Swings and roundabouts though isn`t it.

There are smaller units on the high street that fetch more than the aforementioned available premises.

That can be for a whole range of reasons.

Same principle as a premises on greengate st that has been vacant for 20 years, even though all the units around it have rarely had issues with occupancy.

There can be a whole range of matters, I know the site on greengate has had planning issues, utility issues and is simply a shell and has not had a sniff of a tenant even though in a very good location.

Such matters are not a reflection of the high street at all as one cannot generalise like that. Use the example of the bank site sold for 850k. One can say that is a true reflection of an occupied and well looked after premises on the high st making money, especially as more are occupied than vacant.

A site with constantly reduce let/ sale fees that fails to generate useful interest are a reflection on the premises state, offer and the landlord.
 

industryarch

Well-Known Forumite
No see capt beefheart

R-2665699-1295664420.jpeg.jpg
 

Tilly

Well-Known Forumite
Apartments

Everything is apartments in waiting

Stafford Gaol is just a matter of time

St George's tower a deffo

Universal Grinding Wheel

Everything

Even that!
 
Top