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.


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