Value Add Project

Chase Park, Cannock

Burntwood Cannock

Chase Park, Burntwood Cannock is a single industrial unit of 37,000 sq ft on a site of 2.08 acres located in an established industrial area. It was acquired with vacant possession in 2006.

After works of refurbishment the unit was let to a tenant who subsequently went into receivership. The unit was repossessed and minor works undertaken before it was re-let on a 5-year term from July 2015 to Peppermill Antiques which supplies original and reproduction furniture, fixtures and fittings to the leisure sector.

The property was sold in November 2017 for £1.727m to a private investor for a price reflecting a NIY of 7.2%.