Specsavers Opticians, 54e Carlton Street, Castleford
£68.69 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,747 sq ft
162 sq m
- SECTOR
Commercial property for sale
Key features
- High Yielding Retail Investment
- Retail Unit and Upper Parts
- Fully Let to Specsavers
- Five Year Lease Expiring 24.03.2026
- Asset Management Potential Via Renewal
- Long Standing Tenant of 15+ Years
- 1,747 sq ft (162.3 sq m)
- Corner Pitch on Pedestrianised Street
- Investment Let at £20,000 p.a. (16% GIY on Guide Price)
Description
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.
Brochures
Specsavers Opticians, 54e Carlton Street, Castleford
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Castleford Station0.2 miles
- Glasshoughton Station1.3 miles
- Pontefract Tanshelf Station2.6 miles
Notes
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