Units 1-3, Cannock, WS11 1SP

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Roman Way Retail Park Cannock

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Units 1-3, Cannock, WS11 1SP

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Agent's Details

Damian Lloyd

T: 07748 111677

Alex Darlington

T: 07904 630147

Jack Lloyd

T: 07747 883 231

For Sale £ 5350000

A terrace of three prime retail warehouse units constructed in 2012, situated at the gateway to Cannock when approaching from the M6.

Total rental income of £570,205.20 per annum.

Fully let to DFS, Porcelanosa and Starplan Furniture – all rated very low risk by Creditsafe.

Total floor area of 24,524 sq ft (2,278 sq m) on a site area of 1.88 acres (0.76 hectares).

WAULT to break and expiry of 7.28 years and 7.73 years respectively, assuming a calculation date of 1 December 2024.

We are instructed to seek offers in excess of £5,350,000 (Five Million Three

Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.

A purchase at this price reflects an attractive net initial yield of 10.00%, assuming

standard purchasers costs of 6.60%, and a capital value of £218 per sq ft.