38 High Street, Midsomer Norton, Somerset, BA3 2DL

Property Details: • Type: 12,948 sq ft • Tenure: N/A • Floor Area: N/A

Key Features:

Location: • Nearest Station: Oldfield Park Station • Distance to Station: 7.6 miles

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

Full 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.

We are instructed to seek offers in excess of £785,000 (Seven Hundred and Eighty Five Thousand Pounds) subject to contract and exclusive of VAT. Allowing for purchaser costs of 5.39%, a purchase at this price reflects a Net Initial Yield of 9.00%.