Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to long-standing tenants Specsavers and benefitting from asset management potential.
Arranged across ground, first and second floors, the property is fully let to Specsavers Optical Superstores Limited on a five year lease expiring 24.03.2026 and paying £20,000 per annum.
We consider the property benefits from evident asset management potential via renewal of the lease, with the tenant having been in occupation for 15+ years. We also consider there may be an opportunity to improve rent, with the adjacent unit producing £25,000 per annum.
The property occupies a prominent corner pitch with a main frontage to Carlton Street; the principal, pedestrianised retail street in Castleford. The street is characterised by a mix of local and national tenants including Superdrug, Greggs, and Heron Foods. The Carlton Lanes Shopping Centre is also immedaitely opposite the property.
Tenure
Freehold
Tenancy
The property is let to Specsavers Optical Superstores Limited (t/a Specsavers) on a five year lease expiring 24.03.2026 and paying £20,000 per annum.
The lease is on effective full repairing and insuring terms via a service charge.
Specsavers Optical Superstores Limited
Rent
Notes
We understand the property is elected for VAT.