A healthy return Somerset investment public house is being marketed for sale by specialist licensed property advisers Sidney Phillips.
The Railway Inn at Williton is a well-known public house which stands on the A39, close to the West Somerset coastline. The property is let on a secure full repairing and insuring lease with the current term to run until 2035. This is a substantial property with spacious public trading areas, a large flat above and a separate annexe which contains four bedrooms. The grounds include a good-sized car park, mature garden and a range of outbuildings including a skittle alley.
Williton stands on the link road between the M5 motorway to the coastal town of Minehead and Exmoor National Park beyond. The ancient port of Watchet is approximately two miles distance. Williton benefits from a station on the West Somerset Steam Railway from which the public house takes its name.
Richard Jones of the South West office commented: “The Railway Inn offers an exceptional return to an investor with the 9.2% yield of a freehouse which is occupied by experienced publicans on an FRI lease with sixteen years remaining on the current term.”
The freehold interest of The Railway is available off an asking price of £325,000.
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