Gateway Retail Park, Cannock, WS11 8AB
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£10,250,000
Aug 2024
Atlas Real Estate has recently advised Hortons’ Estate Limited on the sale of a prime retail park in Cannock.
Hortons’ bult the property in 2015 which comprises a total of 37,822 sq.ft in 2 stand alone retail warehouses, 2 drive thru restaurants, a Greggs to go pod and EV charging station.
The total rental income is £760,973 per annum with units let to TK Maxx, Costa, Burger King, Sofology, Greggs and MFG EV Power
The property was sold for £10,250,000 in August 2024 which reflects a net initial yield of 6.96%.
The purchaser was a private investor represented by Roger Parker and Company.
