3-5 Romsey Road
Ref 6583
Address Romsey Road, Lyndhurst, Hampshire, SO43 7AA
Property type Investment - Office, Investment - Retail, Investment - Residential
Size 3,144 Sq Ft
Freehold £600,000
The property is situated in the attractive market town of Lyndhurst, which serves as the administrative capital of the New Forest. It is a popular tourist destination, with many independent shops, art galleries and cafes. The subject enjoys a prominent position fronting Romsey Road, near the junction of the High Street. Nearby occupiers include Tea Total; Down to the Woods and Enzee's Pizzeria. Lyndhurst benefits from strong transport links offering easy access to the M27, Junction 1, via the A337 and Bournemouth and Southampton are connected via the A35. The Ashurst New Forest train station within 1 mile of Lyndhurst to the north, with journey times to London Waterloo of approximately 1 hour 30 minutes. The property comprises a three storey Tudor mock building under a pitched tiled roof. The ground floor provides restaurant accommodation wrapping the central staircase, with kitchen and storage to the rear. There is staff accommodation over the left hand side of the first and second floor. A self-contained flat is accessed from the front aspect and provides 3 double bedroom accommodation over first and second floors. The flat requires complete refurbishment.
- Attractive market Town
- Established Restaurant
- 8 Year term without breaks
- Commercial income of £34,000 PAX
- Residential requiring refurbishment
- Potential income £46,000 PAX
- Future development potential STP
- Guide Price £600,000