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3-5 Romsey Road, Lyndhurst, SO43 7AA

3,144 Sq Ft / Retail / Retail - High Street

Withdrawn - Last updated: 12 January 2022

Description

The property is situated in the attractive market town of Lyndhurst, which serves as the administrative capital of the New Forest. It is a popular tourist destination, with many independent shops, art galleries and cafes. The subject enjoys a prominent position fronting Romsey Road, near the junction of the High Street. Nearby occupiers include Tea Total; Down to the Woods and Enzee's Pizzeria.

Lyndhurst benefits from strong transport links offering easy access to the M27, Junction 1, via the A337 and Bournemouth and Southampton are connected via the A35. The Ashurst New Forest train station within 1 mile of Lyndhurst to the north, with journey times to London Waterloo of approximately 1 hour 30 minutes.

The property comprises a three storey Tudor mock building under a pitched tiled roof. The ground floor provides restaurant accommodation wrapping the central staircase, with kitchen and storage to the rear. There is staff accommodation over the left hand side of the first and second floor. A self-contained flat is accessed from the front aspect and provides 3 double bedroom accommodation over first and second floors. The flat requires complete refurbishment.

Accommodation

We have relied upon measurements provided by the vendor.

Restaurant Ground 109.1 1,175

Staff Accommodation First 47.4 510
Staff Accommodation Second 38.9 419
Total Staff Accommodation 86.3 929

Self Contained Flat First 52.7 567
Self Contained Flat Second 44.0 473
Total Self Contained 96.7 1,040

Total Accommodation 292.1 3,144

EPC Text

Asset Rating - Passage to India C63
- Residential - F35

Rating

Rateable Value £XXX
Source www.voa.org.uk

Terms

The property is available freehold at a guide price of £XXX subject to the benefit of the existing commercial lease.





The restaurant and staff accommodation are let under a lease commencing 31st of October 2008 to a Mr Kaysor for a term of 20 years without breaks at a passing rent of £XXX per annum, subject to 5 yearly open market rent reviews. The restaurant is well established having traded from the site under the name Passage to India for many years.

The self contained flat is currently vacant. Following refurbishment we are of the opinion flat will achieve circa £XXX per annum.

The reversionary income reflects £XXX per annum.
( Agency Pilot Software Ref: 6583 )


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