Rugeley shops up for auction with £475k guide price

A whole parade of shops with development potential in the heart of Rugeley is going under the auctioneer's hammer

Brook Square in Rugeley
Brook Square in Rugeley

The five shops are being sold in the next Bond Wolfe Auctions live-streamed auction on May 19.

The shops at 4-16 Brook Square have accommodation on the first and second floors and have a guide price of more than £475,000.

James Mattin of Bond Wolfe said: “The property is centrally located on the corner of the pedestrianised Brook Square at its junctions with Upper and Lower Brook Street and Brewery Street.

“Occupiers close by include Boots, Greggs, Clintons, Costa Coffee, New Look, HSBC, Barclays, Iceland and Morrisons supermarket.

“The parade offers real potential for new owners to build up the rental income, but there could also be a great residential conversion opportunity, subject to planning.

“Conversion of retail and office space to residential use has increased in popularity in recent years so this opportunity offers any buyer a couple of options in terms of adding value – either drive up the rental income or explore the possibility of an alternative use scheme.”

The parade is among more than 230 lots listed for the auction which starts at 8.30am.

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