Price
Rent
Net Initial Yield
Tenure
Investment Summary
• Crewkerne is a historic market town in the South Somerset Hills.
• The town boasts a moderately affluent population.
• The property is 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 £9,135.95 per annum.
• Total income of £79,135.95 per annum.
• Freehold.
We are instructed to seek offers in excess of £750,000 (Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. Allowing for purchaser costs of 5.40%, a purchase at this price reflects a Net Initial Yield of 10.00%.
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