Summary - 113a, High Street SO41 9AP
1 bed 1 bath Convenience Store
**Standout Features:**
- Prime High Street location in Lymington
- Long-term lease to Tesco Stores Ltd with 8 years unexpired
- Annual rent of £209,500 and upward-only rent reviews
- Inclusion of two residential flats above
- Extensive service yard and additional customer access
- Limited comparable commercial units in the area
**Potential Concerns:**
- Lease expiry within 8 years may restrict mortgage options
- High crime rate in the area
This exceptional commercial property is nestled in a prime location on Lymington's bustling High Street, boasting an impressive total area of 16,453 sq ft. The long-standing tenant, Tesco, has been an anchor for over 60 years and offers a solid annual income of £209,500, ensuring a secure investment. The two residential flats above provide additional income potential or could serve as comfortable living spaces in this affluent town. With significant loading access at the rear and limited comparable commercial units nearby, this property presents a unique development opportunity, allowing for rental diversification or potential refurbishment.
However, potential buyers should consider the 8 years left on the lease, which may complicate financing options with certain mortgage lenders. The property is located in a vibrant community, close to essential amenities and local attractions, making it a desirable spot for both retail and residential living. With an attractive price of £3,250,000, this opportunity is poised for those looking to invest in a well-placed, dual-use property in a charming coastal town. Don’t miss out on this rare investment opportunity!
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