High Street, Milford on Sea, Lymington, Hampshire

A profitable investment opportunity comprising the freehold of a ground floor shop and first floor apartment. The shop is currently rented out and the apartment which has two double bedrooms has been a successful holiday let in recent years. Situated in the heart of the picturesque seaside village of Milford on Sea, the property is within easy reach of the local shops, pubs, restaurants and the beach. *COASTAL BAKERY BUSINESS UNAFFECTED*

THE APARTMENT
The front door opens into the entrance lobby where there is a useful storage cupboard and staircase leading up to the landing. The kitchen/breakfast room is fitted with a range of floor and wall mounted units incorporating a stainless steel one-and-a-half bowl sink with mixer taps, space for a range style electric cooker in a recess with extractor above, integrated washing machine, space/plumbing for a dishwasher and fridge. The wall mounted Vaillant gas fired boiler provides domestic hot water and central heating. The spacious sitting room enjoys a lovely leaded light UPVC bow window to the westerly approach to the village and a feature wood burning stove. There are two bedrooms; the main bedroom is a generous double and has a built-in wardrobe as well as a bow window overlooking the High Street. Bedroom two is also a good sized double with a feature Victorian fireplace. The bathroom is fitted with a modern suite comprising a panelled bath with shower and glass screen, WC and vanity unit. There is an access hatchway to a large loft which could be further extended, subject to the relevant planning permissions. The current owners have drawn up preliminary plans for this which can be made available upon request. There is no allocated parking with the property, although there is parking available in the village including a public car park. The flat is currently used as a successful holiday let with a turnover of approximately £25,000 per annum.

THE SHOP
Lease on the shop (Coastal Bakery) is 7 years commencing Sept 2020 with a break clause at 5 years. Current rent £9650 per annum, rising to £9800 per annum in Sept 2025.

DIRECTIONS
From our office in the High Street proceed out of Lymington on the main A337. After approximately 2 and a half miles upon reaching Everton bear left sign posted Milford on Sea on the B3058. Continue past Milford Primary School, and upon reaching the village centre continue past the green where the property will be found on the left hand side.

SERVICES
All mains services are connected to the property

RATEABLE VALUE
£2,550 per annum

EPC RATINGS
Shop - B
Apartment - D