38 High Street, Midsomer Norton, Somerset, BA3 2DL
£60.63 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
12,948 sq ft
1,203 sq m
- SECTOR
High street retail property for sale
Description
* The property occupies a highly prominent position on the northern side of High Street.
* Let entirely to the undoubtable covenant of Poundland Limited.
* New 10 year lease with a TBO in year 6.
* Current passing rental of £70,000 per annum.
* The property benefits from solar panels on the roof that generate an additional
income of £4,648.82 per annum.
* Total income of £74,648.82 per annum.
* Freehold.
We are instructed to seek offers in excess of £785,000 (Seven Hundred and Eighty Five Thousand Pounds) subject to contract and exclusive of VAT. Allowing for purchaser costs of 5.39%, a purchase at this price reflects a Net Initial Yield of 9.00%.
Brochures
38 High Street, Midsomer Norton, Somerset, BA3 2DL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Oldfield Park Station7.6 miles
About FMX Urban Property Advisers, FMX Urban Property Advisers
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