Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding multi-let retail investment occupying a prominent corner pitch on a pedestrianised street.
Arranged as two retail units across ground, first and second floors, the property is fully let to Specsavers and Timpson, both long standing tenants of 25+ years, producing a combined rent of £20,750 per annum.
No. 9 is let to Specsavers on a recently renewed five year lease expiring 14.02.2030 and paying £13,500 per annum.
No. 9A is let to Timpson on a five year lease expiring 03.08.2026 and paying £7,250 per annum. We consider the property therefore offers asset management potential via renewal of the lease and improvement of rent.
The property occupies a prominent corner pitch fronting the pedestrianised Bridge Street, the principal retail amenity in Worksop. Nearby occupiers include Greggs, Boots, Holland & Barrett and a number of local occupiers.
Tenure
Freehold
Tenancy
No. 9
Let to Specsavers Optical Superstores Limited, a long standing tenant of 25+ years, on a recently renewed five year lease expiring 14.02.2030 and paying £13,500 per annum.
The lease is on full repairing and insuring terms and includes a tenants break option in the third year.
Specsavers Optical Superstores Limited
No. 9A
Let to Timpson Limited, also a long standing tenant of 25+ years, on a five year lease expiring 03.08.2026 and paying £7,250 per annum.
We understand the lease is on full repairing and insuring terms.
Timpson Limited
Rent