Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to one of the UKs most recognisable charities and occupying a prime pitch on a pedestrianised street.
Arranged across ground and first floors, the double-fronted unit is let to Mind (The National Association for Mental Health) on a lease expiring 29/10/2028 and paying £35,000 per annum.
The property occupies a prime pitch on the pedestrianised Market Hall Street, the area is characterised by a mix of local and national retailers including New Look, Greggs, JD Sports and Costa. The Cannock Shopping Centre is to the rear of the property whilst Cannock Market and Market Hall Precinct are opposite.
Tenure
Long Leasehold - Expires 22/07/2146 - Peppercorn Rent
Tenancy
The property is let to Mind (The National Association for Mental Health) on a lease expiring 29/10/2028 and paying £30,000 per annum. There is a fixed rental uplift to £35,000 per annum in October 2026 and the Vendor will "top up" the rent to this level from completion. The lease includes a tenants break clause in October 2026.
MIND (The National Association for Mental Health)
Rent