21-23 High Street, BS20 6AB

Property Details: • Type: 12,944 sq ft • Tenure: N/A • Floor Area: N/A

Key Features:

Location: • Nearest Station: Avonmouth Station • Distance to Station: 3.2 miles

Agent Information: • Address: 4th Floor, 41-43 Maddox Street, London, W1S 2PD

Full Description: * 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 5.78%.