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Watling St

24,524 SF 100% Leased Retail Building Cannock WS11 1SH $9,643,184 CAD ($393 CAD/SF) 10% Cap Rate

Investment Highlights

  • A terrace of three prime retail warehouse units constructed in 2012, situated at the gateway to Cannock when approaching from the M6.
  • WAULT to break and expiry of 7.28 years and 7.73 years respectively, assuming a calculation date of 1 December 2024.
  • Fully let to DFS, Porcelanosa and Starplan Furniture – all rated very low risk by Creditsafe.

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
24,524 SF
Building Class
B
Year Built
2012
Price
$9,643,184 CAD
Price Per SF
$393 CAD
Cap Rate
10%
NOI
$964,318 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Parking
50 Spaces (2.04 Spaces per 1,000 SF Leased)
Frontage
247 ft on Watling Street

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Security System
  • Automatic Blinds
  • Storage Space

Nearby Major Retailers

The Food Warehouse
Co-operative Food
ASDA
OK Diner
Lloyds Bank
Iceland
Barclays
HSBC Bank Plc
National Westminster Bank Plc
YMCA
  • Listing ID: 33312903

  • Date on Market: 2024-09-26

  • Last Updated:

  • Address: Watling St, Cannock WS11 1SH

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