Gaolgate Place provides 12 retail units, including units for Argos, Home Bargains, Iceland, Mk:One, New Look and Specsavers. It generates a rental income of£607,000 a year, which is expected to rise to£667,000 when newly created space becomes lettable.
Since acquiring the Guildhall shopping centre in 2000, Tops has been refurbishing and reconfiguring the scheme, and the new purchase gives it direct access to Stafford's prime shopping pitch.
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