Summary - 25, NYEWOOD LANE PO21 2QB
1 bed 1 bath Commercial Property
Auction guide price with garage and flexible shop space steps from the seafront.
Vacant ground-floor commercial unit, circa 611 sq ft
Presented for sale by auction with a guide price of £65,000, this vacant ground-floor commercial premises occupies circa 611 sq ft and includes a garage, kitchen and WC. It sits in a prominent spot close to the seafront and town centre, providing strong pedestrian visibility and a wide range of local amenities that support retail or service uses.
The property benefits from mains gas central heating, double glazing and an EPC rating of D (91). The Rateable Value is listed at £5,300; interested parties should make their own enquiries regarding business rates and potential small business rate relief.
Buyers should note a material drawback: the lease has approximately 80 years unexpired. Many mortgage lenders set stricter criteria for lease lengths on commercial properties, so funding could be limited or refused. The property is sold at auction on 26th November 2025 and will be offered vacant, so purchasers should be prepared for a cash purchase or to confirm finance availability beforehand.
The area is mixed-use with good passing trade potential, making the premises suitable for investors seeking rental income or an owner-operator wanting a town-centre base. There are also local concerns to consider: recorded high local crime levels may affect certain business types and trading hours. Prospective buyers should review the lease, legal pack, and local crime statistics, and carry out surveys and commercial finance checks before bidding.
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