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47 Station Rd 4,380 SF Retail Building New Milton BH25 6HU $650,969 CAD ($148.62 CAD/SF) 6.81% Cap Rate
INVESTMENT HIGHLIGHTS
- Nearby Train Station (New Milton Station)
- Rear Parking
- Heavy Footfall Area
EXECUTIVE SUMMARY
This property, located in the desirable area of New Milton, offers excellent visibility and accessibility, situated at the prominent junction of Station Road and Osborne Road, just 100 meters from the train station. Currently leased to Lloyds Bank Plc, the ground floor serves as a banking hall, with office and ancillary space on the upper floors. The property includes rear parking and has potential for redevelopment, with a feasibility study available for converting it into a commercial unit and three flats (subject to consents). Property is currently occupied by Lloyds Bank Plc, which has served notice to break the lease on 31st January 2026, with the branch set to close in 2025. The asking price offers in excess of £350,000.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold
Property Subtype
Bank
Building Size
4,380 SF
Building Class
B
Year Built
1950
Price
$650,969 CAD
Price Per SF
$148.62 CAD
Cap Rate
6.81%
NOI
$44,331 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
1.42
Lot Size
0.07 AC
Parking
3 Spaces (0.68 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Security System
- Signage
- Energy Performance Rating - C
- Storage Space
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NEARBY MAJOR RETAILERS
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47 Station Rd
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