Price
Rent
Net Initial Yield
Tenure
Investment Summary
•Newport is an affluent market town located within the borough of Telford and Wrekin and is located approximately 35 miles (56km) north west of Birmingham.
•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, at a rental of £65,000 per annum.
• The property benefits from solar panels on the roof that generate an additional income of £10,387.56 per annum.
• Total income of £75,387.56 per annum.
• Freehold.
We have been instructed to seek offers in excess of £750,000 (Seven Hundred and Fifty Thousand Pounds), subject to
contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 9.50%, assuming standard purchasers costs of 5.41%.
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