Virtual Freehold blue chip Betting shop investment.
Location Description
Wellington is a small market town in rural Somerset, a county in the west of England, situated 7 miles south west of Taunton in the Somerset West and Taunton district, near the border with Devon, which runs along the Blackdown Hills to the south of the town.
Situated in close proximity to C0-op, Greggs, Superdrugs & WHSmith.
Additional Notes
Recently renewed lease to Coral Racing Ltd for 5 yrs (no breaks) from 29/9/2020 at a current passing rent of £12,000 per annum.
The brand-new 999 years Leasehold is for sale with a peppercorn rent
Alternatively, the investment can be sold with the freehold, subject to the 2 flats that have been sold-off (125 yrs from 01/01/2001) producing £100 per annum.