Summary - St Thomas Street, Lymington, Hampshire, SO41 SO41 9NA
1 bed 1 bath Mews
Freehold investment with roof garden and rear courtyard, ready for refurbishment.
Freehold retail premises beside Marks & Spencer and town centre footfall
A rare freehold retail investment in the heart of Lymington, positioned next to Marks & Spencer and benefiting from strong footfall. The ground floor offers a bright 570 sq ft retail area with a large display window, rear courtyard and separate office, while the first floor provides storage, a small kitchen, cloakroom and French doors onto a roof garden. Previously granted planning consent to convert the first floor into a self-contained flat demonstrates clear mixed‑use potential, though that permission has now lapsed and any conversion would require fresh approvals.
Practical trading constraints should be noted: the property is sold with restrictive conditions preventing hot food and alcohol sales. The property is freehold with a current rateable value of £8,500. Broadband speeds are average and mobile signal is excellent, making the upper space suitable for office or ancillary residential uses if planning is obtained.
Material considerations include the lapsed planning permission and the town’s relatively high local crime score, which may influence operator choice or require investment in security measures. The plot is small but efficiently arranged; the layout suits retailers, professional services or an investor seeking a central, versatile asset with scope for value enhancement through planning or refurbishment.
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