Multi-Let Retail and Residential Investment Opportunity
Summary
- Opportunity to acquire a mixed use retail parade with residential upper parts
- Retail anchored by Age UK
- Located in the busy seaside suburb of Highcliffe
- New 10 year lease renewal to Age UK agreed
- Located on A337 Lymington Road, the main retail parade of Highcliffe
- Freehold
- WAULT to break 6.98 years and WAULT to lease expiry 9.48 years (commercial only)
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - 296 Lymington Road | 1,798 | 167.04 | Available |
| Ground - 294 Lymington road | 570 | 52.95 | Available |
| 1st - 294a Lymington road | 2 | 0.19 | Available |
| 1st - 294b Lymington road | 2 | 0.19 | Available |
| 1st - 296a Lymington road | 2 | 0.19 | Available |
| 1st - 296b Lymington road | 2 | 0.19 | Available |
Location
The property is located on the A337 Lymington Road, which is the main road and retail parade through the seaside suburb town of Highcliffe. Highcliffe forms part of the Bournemouth, Christchurch and Poole conurbation which has a population of 400,000 people.
Other occupiers in Highcliffe include Premier Inn, Sue Ryder, Lewis Manning in addition to a mix of independent retailers.
Get directions from Google Maps
Mainline Stations
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Hinton Admiral19 mins
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New Milton42 mins
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Christchurch70 mins
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Sway96 mins
Underground Station
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Reading1136 mins
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Twyford1205 mins
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Maidenhead1322 mins
-
Taplow1349 mins
Further Information
Price £990,000 exc VAT which reflects a NIY of 7.44% assuming purchasers costs of 5.74%
Rates Payable Upon Enquiry
EPC
296 Lymington Road: C
294 Lymington Road: C
294a Lymington Road: D
296b, Lymington Road: E
296a, Lymington Road: E
294b, Lymington Road: C
AML
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial
owner together with evidence/ proof identifying the source of funds being relied upon to complete the transaction.
VAT
The property has been elected for VAT purposes and the sale is intended to be treated as a Transfer of a Going Concern (TOGC).
Legal Costs
Each party to bear their own legal costs incurred in the transaction.
Inspections
Through sole agents via appointment.
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