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5 bedroom commercial property for sale

7 St Thomas Street, Lymington, Hampshire

Sold STC £625,000

Property Description

Full description

Tenure: Freehold


* Fully licensed successful restaurant * Close to town parking * Five bedroom, three bathroom apartment above * For sale with tenant holding lease until 2027 * Town centre location * Of interest to investors

The property is set in a prominent central position to the south side of the High Street and close to Marks & Spencers, the Church and a selection of restaurants and boutique shops. There is good footfall to this area of the town which is within minutes of the Marinas and Sailing Clubs. The Georgian market town of Lymington offers cosmopolitan shopping and renowned restaurants and has a picturesque harbour. Lymington is surrounded by the outstanding natural beauty of the New Forest National Park. To the north is the New Forest village of Lyndhurst and Junction 1 of the M27 which links to the M3 for access to London. There is a branch line train link to Brockenhurst Railway Station (approximately 5.5 miles) which provides a half hourly service to London Waterloo with a journey time of approximately 90 minutes.
FREEHOLD OF GRADE II LISTED COMMERCIAL PREMISES FOR SALE. CURRENTLY A FULLY LICENSED RESTAURANT WHICH WILL REMAIN OPEN FOR BUSINESS AS USUAL. Situated in a central location on the popular Georgian High Street and close to extensive parking. The current tenant holds a 20 year, full repairing lease which is due for renewal in 2027 at a rate of £32,000 per annum, and has indicated he would want to renew.

On the ground floor is an open plan restaurant area with a total of 80 covers and a centrally positioned bar with plumbing and ample space for appliances.

There is a well equipped, fully functioning commercial kitchen at the rear of the property.

A door gives access to Ladies and Gents toilet facilities.

A separate front door at street level leads to a staircase and the first floor landing with access to a spacious apartment comprising four bedrooms to the first floor, including a master bedroom suite, kitchen/dining room and living room. A further staircase leads to the second floor and a further bedroom with adjacent shower room. The apartment would benefit from a programme of refurbishment.

* Potential for alternative uses (STP)

Externally, to the rear of the premises, are two storage rooms and a courtyard area.

Property ref: 121_2276_4003556

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