2786 sq. ft (258.83 m²)
Key features
- Guide price £525,000 for the Freehold
- Total annual income £40,800
- Prominent Town Centre trading location
- Popular New Forest Tourist town
- Attractive Net Initial Yield 7.42%
- Commercial lease provides 14 years to expiry
- Residential uppers sold off on long leasehold for a term of 150 years
Description
The town of Lyndhurst is situated at the heart of the New Forest and forms the administrative centre with the New Forest District Council offices being located in the town.
Lyndhurst is a popular tourist destination having a variety of independent shops, art galleries, cafes and restaurants.
Southampton is approximately nine miles to the north-east and there is a good road access to the M27 motorway (junction 1) within
about four miles.
The subject occupies a superior trading position at the corner of High Street and Gosport Lane (A35) opposite the Meridien Modena
Ferrari dealership.
The property comprises two ground floor retail/commercial spaces with extensive frontage to High Street.
The upper floors comprise residential flats with a self contained entrance to the rear. The building is attractive with a combination of brick, render and hung tile elevations beneath a pitched tiled main roof with gables.
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