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41 St Georges St 27,673 SF Retail Building Canterbury CT1 2LE $4,843,386 CAD ($175.02 CAD/SF) 9% Cap Rate
Executive Summary
41 St George’s Street comprises a prime retail investment in the heart of Canterbury’s pedestrianised shopping core, occupying a highly prominent corner position directly opposite the 116,000 sq ft Fenwick department store. The property provides 27,673 sq ft arranged across ground, first and second floors, with the vendor having recently undertaken significant capital works, including a new roof with a 10-year insurance-backed warranty. The building is let in its entirety to Mountain Warehouse Ltd on a brand-new 11-year lease from 15 August 2025, reflecting a strong and secure income profile. Held long leasehold with approximately 124 years unexpired, the property produces a net income of £249,530 per annum, supported by the covenant strength of Mountain Warehouse, which carries a CreditSafe rating of A-99 (‘very low risk’). Positioned within Canterbury’s prime retail spine and surrounded by leading national retailers, the asset offers a rare opportunity to acquire a robust, well-located retail investment in one of the South East’s most historic and affluent cathedral cities.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Storefront
Building Size
27,673 SF
Building Class
B
Year Built
1975
Price
$4,843,386 CAD
Price Per SF
$175.02 CAD
Cap Rate
9%
NOI
$435,905 CAD
Tenancy
Single
Building Height
3 Stories
Amenities
- Signage
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Nearby Major Retailers
Contacts
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Tom Heptonstall -
Patrick Kilvington -
Oliver Smart -
FMX Urban Property Advisers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
41 St Georges St
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