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
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.