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High Street, Lyndhurst, Hampshire, SO43 7BB

Guide Price
£860,000

Business rates & charges may apply

Pattinsons, Pattinsons Auction- National Auctioneer
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SECTOR

High street retail property for sale

Key features

  • Freehold Property
  • The property produces income from five tenanted units, all fully let
  • Commercial rent of £25,000 per annum
  • Mixed Use
  • Viewing Highly Recommended

Description

For Sale Via Online Auction, Terms & Conditions Apply.


A Prime Freehold Investment in the New Forest.

A substantial mixed-use freehold building occupying a prominent corner position on Lyndhurst High Street — the principal shopping street of the New Forest National Park. The property comprises a well-established commercial ground floor and basement, together with four self-contained residential apartments above, all currently income-producing.

The ground and basement floors are let as the Lyndhurst Antique Centre — a long-established and well-known High Street trader — on a 15-yearcommercial lease from 2015 with five-yearly upward-only rent reviews. The proposed rent of £25,000 per annum reflects the first review.

Four self-contained residential apartments on the upper floors are let on Assured Shorthold Tenancies managed by Spotlight Homes. All are fully occupied, generating a combined residential income of £39,900 per annum.

The property is held freehold with title absolute, registered at HM Land Registry under title number HP388568. The building is a striking timber-framed structure occupying a prominent corner position and forming one of Lyndhurst's most recognisable High Street landmarks.

The property produces income from five tenanted units, all fully let. The commercial rent of £25,000 per annum is proposed from April 2025, reflecting the first five-yearly review under the 2015 lease. The four residential apartments are managed by Spotlight Homes and have maintained full occupancy.

The ground and basement floors are let as the Lyndhurst Antique Centre under a 15-year commercial lease from 2015.

The Antique Centre is a long-established and prominent presence on the High Street, occupying this distinctive timber-framed corner building for many years.

The proposed rent of £25,000 per annum represents the first upward-only review under the lease. The tenant also contributes 33% of building insurance and repair costs, materially limiting the landlord's net outgoings.


TOTAL ANNUAL INCOME
£64,900

COMMERCIAL RENT
£25,000

RESIDENTIAL INCOME
£39,900



Viewing Highly Recommended

Description

A substantial mixed-use freehold building occupying a prominent
corner position on Lyndhurst High Street — the principal
shopping street of the New Forest National Park.

Location

In a prominent corner position and forming one of Lyndhurst's most recognisable High Street landmarks.

EPC'S

Flats - Rating x3 D's & x1 C
Commercial - Rating B

Tenure

Title number
HP388568 - Freehold

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Brochures

High Street, Lyndhurst, Hampshire, SO43 7BB

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Ashurst New Forest Station2.6 miles
  • Beaulieu Road Station3.5 miles
  • Brockenhurst Station3.9 miles

About Pattinsons, Pattinsons Auction- National Auctioneer

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 511545. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinsons, Pattinsons Auction- National Auctioneer. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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