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£5,250 pcm

£1,212 pw

Property to rent High Street, Lymington, Hampshire SO41

Property location

  • Lymington Church of England Infant School0.3 miles
  • Lymington Junior School0.3 miles
  • Lymington Town0.4 miles
  • Lymington Pier0.6 miles

Features and description

Retail A1 User (formerly Lymington Post Office), situated in a prime position on Lymington's busy High Street with a retail area of 1800 sq ft (167.2 m2) plus two offices and ancillary room 372 sq ft (37.57 m2). To be let by way of assignment.

The front entrance lobby has double doors which lead to an open retain space 61'3 wide x 29' deep (18.9 m x 8.8 m), maximum floor area 1800 sq ft (167.2 m2). Off this are two offices 13'11 x 10'11 (4.24 m x 3.3 m) and 10' x 7'8 (3 m x 2.3 m), a kitchen with safe room adjoining and a cloakroom, in accordance with the floorplan.

Services: Electricity, water and drainage.

Electricity, water and refuse service are included in the rent.

Summary of Accommodation:

Ground floor sales area 1800 sq ft
Two officess and ancillary room 372 sq ft

Terms:

To be negotiated.

To let by way of assignment, present lease 15 years from 2007 with 5 yearly reviews. The present tenant excercised break clause in November 2019, to terminate lease in November 2020.

The Landlords have indicated that a new lease can be negotiated.

The premises are available to let by way of assignment at a current rental of £63,000 per annum.

According to the Valuation Office Agency website, the premises are assessed for rating purposes as follows:

Rateable Value: £51,000 per annum

Rates payable at 49.1p in the £ (year commencing 1st April 2019).

Transitional arrangements may apply.

For verification purposes and phasing/transitional relief (if appropriate) interested parties are advised to make their own enquiries on .

Legal Costs: Each party to be responsible for their own legal costs incurred in the transaction.

VAT: Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties must satisfy themselves as to the incidence of this tax in the subject case.

Viewing: Strictly by appointment through the agents, through whom all negotiations must be conducted.

Important:
Money laundering regulations

Under Money Laundering Regulations, we are obliged to verify the identity of a proposed purchase once a sale has been agreed and prior to instructing solicitors. This is to help combat fraud and money laundering and the requirements are contained in statute. A letter will be send to the proposed purchaser once terms have been agreed.
References

Once a letting has been agreed, the landlord will need to approve the proposed tenant's references as part of the letting process. Burkmars will therefore make a non-refundable reference charge of £50 (including V.A.T.). This does not form part of a contract or constitue a deposit in respect of any transaction. Appropriate references will be required from a bank, solicitor, accountant and two trade referees providing credit facilities. The taking up of references by Burkmars does not guarantee acceptance by the landlord.

Situated in a prime trading location with multiples represented in the town including Waitrose, M & S Simply Food, Tesco and wh Smith, Costa Coffee, Cafe Nero, Sea Salt, Joules, Boots and Mountain Warehouse to name but a few, together with the vibrant Saturday street market.

Lymington offers an extensive range of shops from large household names such as M&S Simply Food and wh Smiths to independent boutiques, coffee shops, restaurants, pubs and tea rooms. There are also a variety of hair salons and beauticians to choose from. Saturdays provide a vibrant atmosphere throughout the town as the market attracts many locals and visitors from throughout the forest and beyond. Lymington is the ideal location for those who enjoy water sports with two marinas and sailing clubs holding access to the Solent and a short drive away from beaches.

1 floor plan available

View the floor plan to understand the space and layout of this property.

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Property descriptions and related information displayed on this page are marketing materials provided by - Burkmar Estate Agents. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Burkmar Estate Agents for full details and further information.