Price
Rent
Net Initial Yield
Tenure
• Portishead is a coastal town in North Somerset and is located approximately 10 miles (16km) west of Bristol.
• The property is situated on the eastern side of High Street, within the towns 100% prime retailing pitch.
• The property is let entirely to Poundland Limited until 15th October 2033 (TBO October 2029), at a rental of £85,000 per annum.
• The property benefits from solar panels on the roof that generate an additional income of £11,288.15 per annum.
• Total income of £96,288.15 per annum.
• Freehold.
We have been instructed to seek offers in excess of £1,010,000 (One Million and Ten Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 9.00%, assuming standard purchasers costs of 5.76%.
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