An opportunity to acquire a freehold investment in this New Forest market town, fully let on leases producing rental income of £35,850 per annum.
The premises enjoy a town centre location in the Georgian market town of Lymington, reputed to be one of the premier towns along the south coast, nestling on the southern fringe of the New Forest (National Park status).
Basement, ground floor shop and first floor offices, held on a lease dated 9 November 2011 for a term of 10 years. Current rental £29,250.
The ground floor shop extends to 430 sq ft
Rear store 281 sq ft
Basement 383 sq ft arrange as three store rooms with cloakroom.
Internal staircase gives access to the first floor offices.
First Floor: Office One (front) 259 sq ft windows overlooking the High Street
Office Two (rear) 123 sq ft with doors to both office one and landing
Office Three 263 sq ft window overlooking the rear.
Store room, cloakroom and kitchen facilities.
Second and third floor offices comprising a suite of three offices extending to 640 sq ft, with a kitchen and cloakroom. Access from the rear of the building through the ground floor. Held on a lease dated 18 March 2016 for a term of 5 years, break clause at 2½ years.
Current rental £6,000 for 2 years rising to £6,600 for the remaining 3 years.
OUTSIDE: Car parking facilities, each property is serviced independently with allocated car parking facilities.
Services: All mains services available
Lymington offers an extensive range of shops from large household names such as M&S Simply Food and WH Smiths to independent boutiques, coffee shops, restaurants, pubs and tea rooms. There are also a variety of hair salons and beauticians to choose from. Saturdays provide a vibrant atmosphere throughout the town as the market attracts many locals and visitors from throughout the forest and beyond. Lymington is the ideal location for those who enjoy water sports with two marinas and sailing clubs holding access to the Solent and a short drive away from beaches.
Lymington was named by the Daily Telegraph as the eighth best coastal town in Britain 2014. “You’ve got the New Forest, unspoilt coastline, it’s a sailing hub and you can still get to London easily,’’ A pretty Georgian coastal town, Lymington benefits from good schools, boutique shops and Saturday street market.
Being so close to the New Forest it also offers the perfect location for those who enjoy horse riding, walking and cycling. The town offers a nine-hole golf course, rowing club, community centre, library, small cinema, bowls club and tennis club. Lymington Recreation Centre offers an indoor 25m swimming pool and many fitness classes, whilst during the summer months there is an outdoor seawater baths next to the River with a hundred years of heritage. There is also a Cricket Club, Football and Rugby Clubs, Skateboard Park and children’s play areas.
From a more practical view Lymington also offers churches of all faiths, infant, junior and secondary schools all within walking distance of the town.