LInden House, 2 Linden Gate & Flats, Lymington, Hampshire, SO41 8GN

FOR SALE

£85,000

Retail

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LInden House, 2 Linden Gate & Flats, Lymington, Hampshire, SO41 8GN,

key features

Linden Gate comprises a ground floor pock-up retail unit and 4 flats which have been sold off on long leasehold interests
Retail unit trading as a hairdressers with a current rent payable of £9,180 pax
Retail unit let on a 5 year lease which expires in March 2030 with a tenant break option in September 2027
Each flat (Linden Gate) pays an annual ground rent of £200 pa
Linden House comprises 12 flats which have been sold off on long leasehold interests producing £750 pa
Freehold
The premises are currently not elected for VAT
Total rental income £10,750 pax

About the property

For Sale - Retail & Ground Rent Investment in Affluent and Popular Market Town

Description

Linden Gate is a development of one commercial premises with 4 flats above and car-parking to the rear. The residential accommodation and car-parking has been sold by way of long leasehold interests. The retail premises is located to the front of the development and comprises a main open plan sales area with a kitchenette and WC facilities to the rear.

Linden House is a development of 12 residential units which have all been sold off by way of long leasehold interests.

Location

The property occupies a prominent position on South Street, located in Pennington, which is an affluent and popular suburb of Lymington. The property is located approximately 1.6 miles from Lymington town centre, which plays host to a range of national retailers, restaurants, coffee shops and financial and professional service providers. Lymington is an attractive market town with a wide catchment area. It is situated on the southern perimeter of the New Forest between Southampton and Bournemouth.

Price

£85,000