High Green Court, Cannock, WS11 1GRMake an enquiry
Franck-Steier Price has recently completed the acquisition of a retail, leisure, office and residential estate on behalf of Cannock Assets Ltd, managed by David Samuel Properties.
The property comprises 60 units in total and a 77 space car park. The commercial element totals approximately 91,000 sq.ft and the residential comprises 16 apartments.
The property is let to 53 tenants with 3 units vacant and 2 under offer. The total income is £975,333 per annum.
The property was purchased for £6,350,000 reflecting a net initial yield of 14.52%, after costs of purchase of 5.80%. Savills represented the vendor Pritchard Developments.