FMX
Bicester 25 Sheep Street

Prime Freehold Retail Investment Opportunity – Specsavers in Bicester

7 March, 2024
Invest into Bicester – one of the UK’s key affluent and historic market towns – by securing this freehold retail property located prominently on the Oxfordshire town’s prime pedestrianised retail pitch, Sheep Street.
Bicester 25 Sheep Street

With a current population of 37,000 which is set to boom over the next few years, surpassing the national average growth rate by 2027, Bicester has an over-representation of the most affluent AB and C1 social groups, making it a very attractive investment proposition.  The market town is also shortly set to benefit from a £4.25m town centre regeneration fund from Cherwell District Council.

Extending to 3,568 sq ft, 25 Sheep Street is let to the undoubtable covenant of Specsavers on a new 10-year lease without break, until November 2033, at a current passing rent of £52,500 per annum.

FMX has been instructed by Glenstone REIT to sell the property for offers in excess of £830,000, reflecting a net initial yield of 6%.

Get in touch with Graham Fawcett and Patrick Kilvington to find out more details.

 

Sign up for property alerts

Enter your name and email address below to subscribe to our property email alerts.