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9A-9 Bridge St 2,000 sq ft Retail Property Worksop S80 1DL £140,000 (£70/sq ft)
Investment Highlights
- High Yielding Retail Investment.
- Let to Specsavers and Timpson.
- Timpson Let on a Lease Expiring 03.08.2026.
- Both Long Standing Tenants of 25+ Years.
- Investment Let at £20,750 p.a. (14.82% GIY on Guide Price).
- Two Retail Units and Upper Parts.
- Specsavers Recently Renewed Five Year Lease Expiring 14.02.2030.
- Asset Management Potential Via Renewal.
- Prominent Corner Pitch on Pedestrianised Street.
Executive Summary
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.
Property Facts
Amenities
- 24 Hour Access
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
-
- Retailer
- 1,300 sq ft
- -
- Sep 2024
Specsavers is a privately held multinational retail brand specialising in optical and audiology services. Established in 1983 by Doug and Mary Perkins, the brand was created to broaden access to affordable eyecare and later expanded to include hearing-care services. Operating through a joint-venture partnership model, Specsavers retail stores are co-owned by local optometry or audiology partners and the central organisation, blending independent clinical practice with centralised support functions. The brand provides eye examinations, hearing tests, glasses, sunglasses, contact lenses, and hearing aids, along with associated retail products and aftercare services. Over the years, Specsavers has expanded across the UK, Ireland, the Netherlands, the Nordic region, Australia, New Zealand, and Canada. Key developments include its entry into audiology in 2002 and brand collaborations that broaden its eyewear collections. The brand is known for its long-running advertising line “Should’ve gone to Specsavers,” which has become widely recognised in everyday culture. The retail brand remains part of the family-owned Specsavers Optical Group headquartered in Guernsey and continues to evolve through new product offerings and international market growth.
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
|
|
Retailer | 1,300 sq ft | - | Sep 2024 |
Nearby Major Retailers
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9A-9 Bridge St
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