TO LET ~ Retail A1 User (formerly Lymington Post Office), situated in a prime position on Lymington’s busy High Street with a retail area of 1800 sq ft (167.2 m2) plus two offices and ancillary room 372 sq ft (37.57 m2). To be let by way of assignment.
The front entrance lobby has double doors which lead to an open retain space 61’3 wide x 29′ deep (18.9 m x 8.8 m), maximum floor area 1800 sq ft (167.2 m2).
Off this are two offices 13’11 x 10’11 (4.24 m x 3.3 m) and 10′ x 7’8 (3 m x 2.3 m), a kitchen with safe room adjoining and a cloakroom, in accordance with the floor plan.
Services: Electricity, water and drainage. Electricity, water and refuse service are included in the rent.
Summary of Accommodation: Ground floor sales area 1800 sq ft Two offices and ancillary room 372 sq ft
Terms: To be negotiated. To let by way of assignment, present lease 15 years from 2007 with 5 yearly reviews.
The present tenant excercised break clause in November 2019, to terminate lease in November 2020. The Landlords have indicated that a new lease can be negotiated.
The premises are available to let by way of assignment at a Current Rental of £63,000 per annum.
According to the Valuation Office Agency website, the premises are assessed for rating purposes as follows:
Rateable Value: £51,000 per annum Rates payable at 49.1p in the £ (year commencing 1st April 2019).
Transitional arrangements may apply. For verification purposes and phasing/transitional relief (if appropriate) interested parties are advised to make their own enquiries on www.voa.gov.uk.
Legal Costs: Each party to be responsible for their own legal costs incurred in the transaction.
VAT: Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.
Viewing: Strictly by appointment through the agents, through whom all negotiations must be conducted.
Important: MONEY LAUNDERING REGULATIONS Under Money Laundering Regulations, we are obliged to verify the identity of a proposed purchase once a sale has been agreed and prior to instructing solicitors. This is to help combat fraud and money laundering and the requirements are contained in statute. A letter will be send to the proposed purchaser once terms have been agreed.
REFERENCES Once a letting has been agreed, the landlord will need to approve the proposed tenant’s references as part of the letting process. Burkmars will therefore make a non-refundable reference charge of £50 (including V.A.T.). This does not form part of a contract or constitute a deposit in respect of any transaction. Appropriate references will be required from a bank, solicitor, accountant and two trade referees providing credit facilities. The taking up of references by Burkmars does not guarantee acceptance by the landlord.
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.