Midsomer Norton

38 High Street

38 High Street, Midsomer Norton

For Sale

Property Details

Price

£785,000

Rent

£74,649

Net Initial Yield

9%

Tenure

Freehold

Description

  • Midsomer Norton is a moderately affluent commuter town close to the Mendip Hills.
  • 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.

Location

Contacts for this property

Graham
Graham Fawcett
07980 548852
Olly Photo
Oliver Smart
07818 402754
Paddy
Patrick Kilvington
07860 625512

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