Character Property In Lymington For Sale

Business description

LOCATION
Desirable New Forest yachting haven. Lymington is a busy market town attracting locals and visitors all year round. Renowned as a sailing resort and situated on the southern edge of the New Forest National Park. Parking - there are spaces opposite the church (time restricted) and municipal car parks approx 100 yards. Town centre railway station approx 180 yards. High Street approx 240 yards. Lymington Quay approx 370 yards. Isle of Wight ferry approx. 1 mile. Bournemouth approx. 16 miles. Southampton approx. 20 miles.

THE PREMISES
This unique and imposing building has planning for (A3) restaurant use (subject to licences). The character property ideally situated just off the high street, occupies a prominent position fronting Gosport Street, one of the main thoroughfares into the High Street. The premises are considered suitable for a minimum of 100 covers (utilising the ground floor and proposed balcony). Internally, the premises comprise the following approximate areas:

Ground Floor: 1,755 sq ft/163 sq m (Net Internal Area)
First Floor Balcony: 383 sq ft/35 sq m (Net Internal Area)

Please note to the rear of the building a new extension will be constructed comprising of a kitchen/utility area for the restaurant on ground floor with 2 flats above. There is the possibility of one flat being made available with a parking space (subject to negotiation) for staff/manager’s accommodation.

LICENCES/PERMISSIONS
The property has the benefit of a Class A3 planning consent. We have not had sight of this documentation.

Property information

Property:

Leasehold

Lease terms:

LEASEHOLD. The premises will be offered by way of a new full repairing and insuring lease, term to be agreed, subject to upward only rent reviews every 3 years. Rental £40,000 per annum, exclusive.

Leasehold rent:

£40,000 per annum

Location:

Desirable New Forest yachting haven. Lymington is a busy market town attracting locals and visitors all year round. Renowned as a sailing resort and situated on the southern edge of the New Forest National Park. Parking - there are spaces opposite the church (time restricted) and municipal car parks approx 100 yards. Town centre railway station approx 180 yards. High Street approx 240 yards. Lymington Quay approx 370 yards. Isle of Wight ferry approx. 1 mile. Bournemouth approx. 16 miles. Southampton approx. 20 miles.

Premises details:

This unique and imposing building has planning for (A3) restaurant use (subject to licences). The character property ideally situated just off the high street, occupies a prominent position fronting Gosport Street, one of the main thoroughfares into the High Street. The premises are considered suitable for a minimum of 100 covers (utilising the ground floor and proposed balcony). Internally, the premises comprise the following approximate areas:

Ground Floor: 1,755 sq ft/163 sq m (Net Internal Area)
First Floor Balcony: 383 sq ft/35 sq m (Net Internal Area)

Please note to the rear of the building a new extension will be constructed comprising of a kitchen/utility area for the restaurant on ground floor with 2 flats above. There is the possibility of one flat being made available with a parking space (subject to negotiation) for staff/manager’s accommodation.