LInden House, 2 Linden Gate & Flats, 1-4 South Street, Pennington, Lymington, SO41 8GN
- PROPERTY TYPE
Retail Property (high street)
- SIZE
Ask agent
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
Description
Linden House is a development of 12 residential units which have all been sold off by way of long leasehold interests.
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.
Brochures
BrochureLInden House, 2 Linden Gate & Flats, 1-4 South Street, Pennington, Lymington, SO41 8GN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lymington Town Station1.1 miles
- Lymington Pier Station1.4 miles
- Sway Station3.1 miles
Notes
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