Cannock Shopping Centre - Cannock Shopping Centre
799 - 953 SF Retail Units Offered at £180,000 - £220,000 Per Unit in Cannock WS11 1WS
INVESTMENT HIGHLIGHTS
- Prominent Location
- High Footfall
- Great Transport Links
EXECUTIVE SUMMARY
Built in 1995, this property comprises three floors with a total area of 99,492 sq ft of retail space.
PROPERTY FACTS
| Price | £180,000 - £220,000 |
| Unit Size | 799 - 953 SF |
| No. Units | 2 |
| Total Building Size | 99,492 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Building Class | B |
| Number of Floors | 3 |
| Typical Floor Size | 33,164 SF |
| Year Built | 1995 |
| Lot Size | 18.66 AC |
2 UNITS AVAILABLE
Unit 23
| Unit Size | 953 SF |
| Price | £220,000 |
| Price Per SF | £230.85 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 10.00% |
| NOI | £22,000 |
DESCRIPTION
The property comprises a retail unit arranged over ground and first floor.
The ground floor area is for sales with the first floor providing ancillary/staff accommodation. The property benefits from a rear service area, accessed via Stafford Road.
SALE NOTES
Unit 23 is let to Costa Limited on a full repairing and insuring lease for a term of 5 years from 29th September 2023, expiring 28th September 2028. The current passing rent is £22,500 per annum. The tenant pays the rent monthly. The lease contains a tenant break option on 29th September 2026.
Unit 24
| Unit Size | 799 SF |
| Price | £180,000 |
| Price Per SF | £225.28 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 10.00% |
| NOI | £18,000 |
DESCRIPTION
The property comprises a retail unit arranged over ground and first floor.
The ground floor area is for sales with the first floor providing ancillary/staff accommodation. The property benefits from a rear service area, accessed via Stafford Road.
SALE NOTES
Unit 24 is let to EE Limited on a full repairing and insuring lease from 9th January 2023, expiring 8th January 2028. The tenant did not exercise their break option on 9th January 2025, demonstrating their commitment to the unit. There is a further tenant break option on 9th January 2027, subject to 6 months’ prior notice.
AMENITIES
- Security System
- Signage
- Enclosed Mall
NEARBY MAJOR RETAILERS
