Gateway Retail Park, Cannock, WS11 8AB
Download the Sales Brochure Make an enquiry
£9,500,000
Jun 2024
Please find below details modern retail warehouse which we have been instructed to market.
- Island site in prime location adjacent to M6 Toll and Orbital Retail Park
- Two detached retail warehouses, two drive thru units, a Greggs food to go pod and 8 high speed EV charging bays
- Total of 37,822 sq.ft on a site of 5.62 acres
- Let to TJX UK (TK Maxx), Sofology, Costa, Greggs, Caspian Foods (Burger King) and MFG (EV charging)
- Rent passing £760,973 per annum
- Retail element with Open A1 (non food consent)
- 5 rent reviews in 2025
We are instructed to seek offers in excess of £9,500,000 (Nine Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 7.50%, subject to purchaser’s costs of 6.69%.
