14-18 Market Street, Huddersfield | Property for sale | Savills
Guide price £800,000(3,823,130 AED)

14-18 Market StreetHuddersfield

  • New
  • Sole agency
  • Leasehold

Key features

  • High Yielding Retail Investment
  • Comprising Two Retail Units
  • Let to Specsavers with One Unit Vacant
  • HoTs Agreed for New Letting of Vacant Unit at £65,000 per annum
  • Total Combined Reversionary Rent of £145,000 per annum
  • Established High Footfall Street
  • Asset Management Potential
  • Investment Let at £80,000 p.a. (10% GIY on Guide Price)
  • Reversionary Rent of £145,000 p.a. Reflects 18.1% GIY on Guide Price

Multi-Let, Retail Investment Let to Specsavers Producing £80,000 per annum HoTs for Letting of the Vacant Unit Providing Total Rent of £145,000 per annum

About this property

  • 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 part-let to Specsavers with Heads of Terms agreed for a letting of the vacant unit therefore providing a potential reversionary income 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 paying £80,000 per annum. 14 Market Street is currently in negotiations to be let to a chinese restaurant group with a number of restaurants in the area, for 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.

Additional information

  • Specsavers Optical Superstores Limited
  • D&B Rating: 5A2
  • Turnover (2024): £3.74bn
  • Pre-Tax Profit (2024): £323m