A rarely available part-fitted restaurant Class E commercial property in a prime position in affluent coastal market town of Lymington.
A mid-terrace property of three floors above basement level, of mainly brick construction with rendered and painted elevations under a pitched tiled roof. The unit occupies the basement, ground floor and upper floors, with an enclosed garden courtyard at the rear. The property is accessible via the main entrance at the front and currently configured for restaurant use. The ground floor benefits from two main trading areas with customer seating of approximately 90 covers. There is additional seating at the bar servery located towards the middle of the ground floor. Ancillary areas include a good sized trade kitchen, preparation kitchen and wash-up, storage and office and both male and female WC’s. The upper floors accessed via the side of the property include three en-suite double bedrooms, two single bedrooms, a small kitchen and lounge area.
The property is located in the coastal market town of Lymington which is positioned on the southern edge of the New Forest National Park. The town is 94 miles (152 km) and 18 miles (29 km) south west of London and Southampton respectively and 19 miles (30 km) east of Bournemouth. Lymington benefits from high levels of tourist activity as an attraction in its own right as well as from the National Park and visitors using the local ferry services to the Isle of Wight. Lymington is one of the south’s most popular yachting centers, supported by several marinas and easy access to the solent and other coastal attractions. The town has a resident population of approximately 15,407 (Urban Area 2011 Census). The local high street comprises a typical mixture of independent and branded retailers and hospitality operators alongside commercial and residential property
Fixtures & Fittings
Fixtures and fittings can be transferred subject to offer and negotiation.
Rental offers are invited for the creation of a new free of tie lease with terms to be agreed as follows; Ground floor only OIEO £55,000 per annum exclusive of VAT Entire property OIEO £67,000 per annum exclusive of VAT
Planning & Conservation
Under the Town and Country Planning (Use Classes) Order 1987 (as amended) the property benefits from the Commercial Use Class E, including restaurants, café, retail, business and professional services. The property is Grade II listed and falls within the Lymington Conservation Area.
The property benefits from a premises license permitting the sale of alcohol Monday to Sunday 11:00 to 01:30. The Local Authority is New Forest District Council.
The subject property is on the 2017 Rating List with a Ratable Value of £40,750. Please check www.voa.gov.uk for up to date information on rates payable (the Government has granted a rates holiday).
The property has an EPC rating of E-117.
Viewings can be arranged by appointment with Savills.
Lymington Town (0.1 miles)
Lymington Pier (0.5 miles)
Sway (3.5 miles)