INVESTMENT SALE
Williton, Taunton, Somerset
Ref: 43816
£325,000
Freehold
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Key Features
Precis
Somerset coast road Free House. Large property and site. Separate detached Annexe. Mature Garden and Car Park. Skittle Alley. Interconnecting Bars. First Floor 3 Bedroom Flat. FRI lease occupied by a tenant on secure agreement. £30,750 p/a rent - 9.2% yield. EPC Rating C.
Location
The Railway Inn is contained in a substantial property standing beside the A39 in the West Somerset town of Williton. The A39 is the main coast road taking traffic from Bridgwater and junction 23 of the M5 motorway along the west Somerset coast to the town of Minehead and Exmoor National Park beyond.
Williton is an important West Somerset town having one of the ten stations on the West Somerset Steam Railway, this being close to the Railway Inn and consequently beneficial for trade. Williton is the home of West Somerset District Council and has a population of around two thousand, six hundred people. A short distance away is the coastline, the nearest being at the town of Watchet which has a pleasure boating harbour converted from a one time ancient working port.
The Railway Inn has a versatile trading capacity benefiting from the local population, considerable A39 traffic and close proximity to the coast and the West Somerset Steam Railway.
Williton is an important West Somerset town having one of the ten stations on the West Somerset Steam Railway, this being close to the Railway Inn and consequently beneficial for trade. Williton is the home of West Somerset District Council and has a population of around two thousand, six hundred people. A short distance away is the coastline, the nearest being at the town of Watchet which has a pleasure boating harbour converted from a one time ancient working port.
The Railway Inn has a versatile trading capacity benefiting from the local population, considerable A39 traffic and close proximity to the coast and the West Somerset Steam Railway.
Property
GROUND FLOOR ACCOMMODATION
Interconnecting Bar Areas comprising Four Main Sections. These include the TWO FRONT SECTIONS, one of which is suitable for Dining with the other being a traditional Lounge Bar. The other TWO SECTIONS are sports influenced, one being a Pool Room at the rear. The Front Two Sections have a seating capacity for circa fifty. There is feature stonework with a large working stone fireplace. BAR SERVERY with mellow wood panelled counter and back bar display. Side walkway with access to the LADIES’ and GENTLEMEN’S CUSTOMER TOILETS. Inner hallway with access to the PROPRIETOR’S OFFICE. COMMERCIAL CATERING KITCHEN. FRIDGE/FREEZER ROOM and a BEER CELLAR.
FIRST FLOOR
Spacious FLAT, much of which is not used at the present time. There is the provision for a large SITTING ROOM, THREE BEDROOMS (two double, one single), POTENTIAL KITCHENETTE and TWO SHOWER ROOMS. A small FLATLET with LOUNGE, BEDROOM, SHOWER ROOM and KITCHENETTE.
EXTERNAL
POTENTIAL LETTING ACCOMMODATION in a converted detached annexe which is currently used as Tenants’ Accommodation. This has FOUR BEDROOMS, TWO WITH EN SUITE SHOWER ROOMS, the other two sharing a SHOWER ROOM. LOUNGE/DINER.
Detached SKITTLE ALLEY at the rear of the site. Large, easily accessible CAR PARK with space for circa twenty vehicles. Covered SMOKING SOLUTION SHELTER. Stone OUTBUILDINGS, one of which has an original cobbled floor. Inner SERVICE YARD. Large mature, lawned BEER GARDEN.
Interconnecting Bar Areas comprising Four Main Sections. These include the TWO FRONT SECTIONS, one of which is suitable for Dining with the other being a traditional Lounge Bar. The other TWO SECTIONS are sports influenced, one being a Pool Room at the rear. The Front Two Sections have a seating capacity for circa fifty. There is feature stonework with a large working stone fireplace. BAR SERVERY with mellow wood panelled counter and back bar display. Side walkway with access to the LADIES’ and GENTLEMEN’S CUSTOMER TOILETS. Inner hallway with access to the PROPRIETOR’S OFFICE. COMMERCIAL CATERING KITCHEN. FRIDGE/FREEZER ROOM and a BEER CELLAR.
FIRST FLOOR
Spacious FLAT, much of which is not used at the present time. There is the provision for a large SITTING ROOM, THREE BEDROOMS (two double, one single), POTENTIAL KITCHENETTE and TWO SHOWER ROOMS. A small FLATLET with LOUNGE, BEDROOM, SHOWER ROOM and KITCHENETTE.
EXTERNAL
POTENTIAL LETTING ACCOMMODATION in a converted detached annexe which is currently used as Tenants’ Accommodation. This has FOUR BEDROOMS, TWO WITH EN SUITE SHOWER ROOMS, the other two sharing a SHOWER ROOM. LOUNGE/DINER.
Detached SKITTLE ALLEY at the rear of the site. Large, easily accessible CAR PARK with space for circa twenty vehicles. Covered SMOKING SOLUTION SHELTER. Stone OUTBUILDINGS, one of which has an original cobbled floor. Inner SERVICE YARD. Large mature, lawned BEER GARDEN.
The Business
This is an INVESTMENT SALE.
Tenure
FREEHOLD £325,000 The property is being sold WITHOUT VACANT POSSESSION, subject to the tenancy agreement detailed previously. The current tenants own the fixtures and fittings which are excluded from the sale.
No direct approach to be made to the business, with all communications directed through Sidney Phillips.
Viewing strictly by appointment only.
No direct approach to be made to the business, with all communications directed through Sidney Phillips.
Viewing strictly by appointment only.
Licence
A Premises Licence is held for supply of alcohol, late night refreshment and provision of facilities for music and dancing. Permitted hours ae Monday to Saturday 10am until 2am. Sunday 10am until 11pm.
Services
All mains services are connected. There is GAS FIRED CENTRAL HEATING.
The Lease Agreement
This is an INVESTMENT SALE. The property is being sold WITHOUT VACANT POSSESSION, subject to the existing tenants’ agreement. The current terms are as follows:
Term
Twenty years which commenced in March 2015.
Repairs and Insurance
This is a full repairing and insuring lease with the tenant responsible for all maintenance. The landlord insures the building and recovers the premium from the tenant on a reimbursed basis only. The tenant to insure against public liability and contents loss.
Landlord and Lessee
The agreement is protected by Part II of the 1954 Landlord and Tenant Act.
Rent
£30,750 per annum, net of VAT.
Rent Reviews
The rent increases by RPI increases annually. This occurs in March each year.
Term
Twenty years which commenced in March 2015.
Repairs and Insurance
This is a full repairing and insuring lease with the tenant responsible for all maintenance. The landlord insures the building and recovers the premium from the tenant on a reimbursed basis only. The tenant to insure against public liability and contents loss.
Landlord and Lessee
The agreement is protected by Part II of the 1954 Landlord and Tenant Act.
Rent
£30,750 per annum, net of VAT.
Rent Reviews
The rent increases by RPI increases annually. This occurs in March each year.
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Richard Jones
Devon & Cornwall
