Retail for sale

FOR SALE - Freehold Opportunity - Part Investment, Part Vacant
New Milton is a market town situated in the south-west of Hampshire within the New Forest District Council Area. The town is located approximately 12 miles from Bournemouth town centre via the A338.
The yachting town of Lymington is situated approximately 6 miles to the east. The train station is situated to the north of the town centre, whilst the subject property is located in close proximity to the junction with Ashley Road. There are other national retailers such as Boots, Superdrug, and M&S Food amongst other local operators.
The town has a population of circa 25,000 with an older population than the national average.
The property forms part of the retail frontage within the town centre. The property comprises of a mid-terrace commercial building which dates from the early 1900s.
78 Station Road comprises a vacant retail space previously occupied by Vision Express.
80-82 Station Road is also accessed from the ground floor from Station Road. The ground floor consists of a reception area with further ancillary offices on the ground floor.
Access to the office on the first and second floors is provided via an entrance to the right of the reception area. The first floor consists of six offices and a small kitchenette. On the second floor there are a further seven offices and two WCs. There is a further stairwell that leads up to the attic which currently provides additional storage for files.
TENANCIES
78 Station Road is vacant with potential rent of Circa £18,000 - £20,000 per annum.
80-82 Station Road is let by way of a lease dated 25th March 2018 for a term of 15 years at a passing rent of £24,500 per annum, expiring 24th March 2033.
The tenant is Heppenstalls Solicitors Limited.
The lease is subject to an open market upward only rent reviews at 5 yearly intervals and a tenant break, subject to six months notice.
The landlord covers some external repairs.