Retail in SO43

High Street, Lyndhurst, Hampshire, SO43 7BB

Brochure

Tenure: Freehold

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Starting bid£860,000

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Key Information

Parking: None

Property features

Freehold Property
The property produces income from five tenanted units, all fully let
Commercial rent of £25,000 per annum
Mixed Use
Viewing Highly Recommended

Retail in SO43

For Sale Via Online Auction, Terms & Conditions Apply.

A Prime Freehold Investment in the New Forest.

A substantial mixed-use freehold building occupying a prominent corner position on Lyndhurst High Street — the principal shopping street of the New Forest National Park. The property comprises a well-established commercial ground floor and basement, together with four self-contained residential apartments above, all currently income-producing.

The ground and basement floors are let as the Lyndhurst Antique Centre — a long-established and well-known High Street trader — on a 15-yearcommercial lease from 2015 with five-yearly upward-only rent reviews. The proposed rent of £25,000 per annum reflects the first review.

Four self-contained residential apartments on the upper floors are let on Assured Shorthold Tenancies managed by Spotlight Homes. All are fully occupied, generating a combined residential income of £39,900 per annum.

The property is held freehold with title absolute, registered at HM Land Registry under title number HP388568. The building is a striking timber-framed structure occupying a prominent corner position and forming one of Lyndhurst's most recognisable High Street landmarks.

The property produces income from five tenanted units, all fully let. The commercial rent of £25,000 per annum is proposed from April 2025, reflecting the first five-yearly review under the 2015 lease. The four residential apartments are managed by Spotlight Homes and have maintained full occupancy.

The ground and basement floors are let as the Lyndhurst Antique Centre under a 15-year commercial lease from 2015.

The Antique Centre is a long-established and prominent presence on the High Street, occupying this distinctive timber-framed corner building for many years.

The proposed rent of £25,000 per annum represents the first upward-only review under the lease. The tenant also contributes 33% of building insurance and repair costs, materially limiting the landlord's net outgoings.

TOTAL ANNUAL INCOME
£64,900

COMMERCIAL RENT
£25,000

RESIDENTIAL INCOME
£39,900

Viewing Highly Recommended

Description

A substantial mixed-use freehold building occupying a prominent corner position on Lyndhurst High Street — the principal shopping street of the New Forest National Park.

Location

In a prominent corner position and forming one of Lyndhurst's most recognisable High Street landmarks.

EPC'S

Flats - Rating x3 D's & x1 C Commercial - Rating B

Tenure

Title number HP388568 - Freehold

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

Please log in to view and download the legal pack files.

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