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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

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

Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Building Size
2,000 SF
Building Class
B
Year Built
1991
Price
$190,047
Price Per SF
$95.02
Percent Leased
100%

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

Nearby Major Retailers

National Westminster Bank Plc
Lloyds Bank
Santander
Barclays
Sainsbury's
ASDA
Farmfoods
Iceland
Costa Coffee
eurochange
  • Listing ID: 40129405

  • Date on Market: 4/13/2026

  • Last Updated:

  • Address: 9 Bridge St, Worksop S80 1DP

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