Express Interest in this Property

Specsavers, March

Offers In the Region of: £ 450,000
3-5 Broad Street, March,Cambridgeshire, PE15 8TP

Basic Facts

Status: Type: Tenure: Freehold Gross Yield %: 7.1
Gross Rent: £ 32,000 Lease Term: 10 yrs from Apr' 11 Area: 2635 sq ft
VAT applicable: Yes Years left on Lease: 1.6

Property Description

  • Freehold Blue-Chip Medical Retail Investment.
  • The property comprises a retail unit arranged over ground, first and second floors. Internally, the sales area is predominantly open plan with ancillary accommodation on the upper floors.
  • The total Gross Internal floor area is 270.90 sq m / 2,916 sq ft.
  • The property has been fitted out by Specsavers in their usual corporate style. This branch provides a full range of services including eye tests, audiology services, children’s eye care, contact lens services and home eye tests.

Location Description

  • March is a market town in Cambridgeshire, situated on the banks of the River Nene. The town has become an extremely popular stopping off point for boaters with the town centre benefiting from free moorings, close to the subject property. Two weekly markets are held in this location, on Wednesdays and Saturdays.
  • March is located on the A141 and is approximately 88 miles (141 km) north of Central London, 20 miles (32 km) east of Peterborough, 20 miles (32 km) north east of Huntingdon and 30 miles (48 km) north of Cambridge. The town is located approximately 25 miles (40 km) north east of Junction 16 of the A1(M) Motorway. The town is also connected to the National Railway Network with March Station providing the fastest journey time to London’s Kings Cross in 1 hour and 20 minutes.
  • The property occupies a prime retailing position on the southern end of Broad Street which is the towns’ principal retailing thoroughfare and benefits from a return frontage onto Mill View. Broad Street benefits from ample free car parking and is well populated by numerous national and independent businesses.
  • Nearby occupiers include WHSmith and Clarks (adjacent), Boots, Domino’s, Holland & Barrett, Tesco Express and Superdrug.

Additional Information

  • The property is let to Specsavers Optical Superstores Ltd on a full repairing and insuring lease for a term of 10 years from 7th April 2011, expiring 6th April 2021.
  • Let to the highly secure covenant of Specsavers Optical Superstores Limited (Net Assets £78.3 million).
  • Current passing rent is £32,000.
  • The property is not listed and sits within the March Conservation Area.
  • Potential to increase the massing on the upper floors – STPP.

Tenancy & Accommodation Schedule

Click to view Tennancy Schedule: Specsavers, March

View on map / Neighborhood

Still can’t find what you’re looking for?

Current Opportunities

Current Opportunity
£ 450,000

Specsavers, March

3-5 Broad Street, March,Cambridgeshire, PE15 8TP
Current Opportunity
£ 400,000

Dry Cleaner & Vacant Flat, Wembley, Greater London

The Broadway, Forty Avenue, Wembley, London HA9 8JT

Bodycare, West Bromwich

195-197 High Street , West Bromwich , West Midlands B70 7QZ
Current Opportunity
Call for price

Vacant Former Betting Office, Buxton

First Floor, 97 – 103 Spring Gardens, Buxton, SK17 6BP
Current Opportunity
£ 550,000

Domino’s, Palmers Green

324 Green Lanes, Palmers Green, London N13 5TW
Current Opportunity
£ 670,000

McColl’s, New Addington, Greater London

7 & 9 Wayside, New Addington, Surrey, CR0 9DX
£ 215,000

My Dentist, Wandsworth, Greater London

203 Wandsworth High Street,London, SW18 4JE
High Yield
Call for price

Mixed Parade (Card Factory, Greggs, Age UK & Restaurant), Boscombe

617 to 623 Christchurch Lane, Boscombe, Bournemouth, Dorset BH1 4AP
Call for price

Mixed Parade (5 Shops & 5 Flats), Watford, Greater London

178/178A, 180/180A, 182/182A, 184/184A, 186/186A St. Albans Road, Watford, Hertfordshire WD24 4AS
Current Opportunity
Call for price

Land with Development Potential, Tipton

Roadside Development, Dudley Port, Tipton, DY4 7RB
High Yield
£ 1,050,000

Sainsbury’s Local, Stourbridge

Sainsbury’s Local, 23 Lawnswood Road, Wordsley, Stourbridge, West Midlands, DY8 5PH
£ 220,000

McColl’s, Buxton, Norfolk

Crown Road, Buxton, North Norwich, Norfolk, NR10 5EN
Current Opportunity
£ 850,000

McColl’s & Flat, Watford, Greater London

79 – 83A Tolpits Lane, Watford, Hertfordshire, WD18 6NT
Call for price

Vacant Pub (To Let), Whitton, Greater London

The Duke of York, 672 Hanworth Road, Whitton, Hounslow, TW4 5NP
Call for price

Vacant Shop & Flat, Bournemouth

691 Wimbourne Road, Winton, Bournemouth, Dorset, BH9 2AT
£ 170,000

Greggs, Leeds

45 Commercial Street, Rothwell, Leeds LS26 0AP
Call for price

Stationary Shop, Gloucester

Unit 10 Kingsway Local Centre, Quedgeley, Gloucester, GL2 2GT
Current Opportunity
£ 450,000

Domino’s, Southampton

Unit B Mapmakers Mercator Close, Romsey Road, Southampton, SO16 4HW
Call for price

Ponden Home, Newmarket

Units 2-3, Crown Walk, Exeter Road, Newmarket, CB8 8NG
Call for price

Europcar, Bradford

Nelson Street/Mill Lane, Bradford, West Yorkshire, BD5 0HD