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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
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 1,300 SF
- -
- 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 | SF Occupied | Rent/SF | Lease End | ||
|
Retailer | 1,300 SF | - | Sep 2024 |
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