Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment opportunity situated on a popular high footfall street.
Arranged as two retail units across ground and first floors, the property is fully let let to Specsavers and a chinese restaurant producing a total aggregate rent of £145,000 per annum.
16-18 Market Street is let to Specsavers Optical Superstores Limited on a 10 year lease expiring 24/08/2026 and producing £80,000 per annum.
14 Market Street is let to Heshuo Limited; a chinese restaurant group with several locations in the region, on a new 15 year lease with no breaks producing £65,000 per annum.
The property benefits from a large prominent frontage to Market Street, with a return frontage to Fox Street. The area benefits from high footfall being parallel to the pedestrianised New Street, and is characterised by a number of national retailers including TSB, Caffe Nero, and a large Sainsburys immediately adjacent to the property.
Tenure
Long Leasehold - Approx 112 Years Unexpired at Peppercorn Rent - Please Consult the Legal Pack
Accommodation
14 Market Street
16-18 Market Street
Tenancy
Please see the tenancy schedule and legal pack for full information.
Specsavers Optical Superstores Limited
Rent
Notes
We understand the property is elected for VAT. It is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC).