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54-56 High Street, Lyndhurst, SO43 7BG 2 Retail Properties Offered at $968,284 CAD in Lyndhurst
Investment Highlights
- Mixed-Use Investment Opportunity - Guide price £525,000 for the Freehold
- Prominent Town Centre trading location
- Commercial lease provides 14 years to expiry
- Total annual income £40,800, attractive Net Initial Yield 7.42%
- Popular New Forest Tourist town
- Residential uppers sold off on long leasehold for a term of 150 years
Executive Summary
Offers considered in the region of £525,000 subject to contract for the freehold interest subject to subsisting tenancies.
A purchase at this level will show an attractive net initial yield of 7.42% after allowance for buyer’s costs at 4.8%.
The property comprises two ground floor retail/commercial spaces with extensive frontage to High Street.
The upper floors comprise residential flats with a self contained entrance to the rear. The building is attractive with a combination of brick, render and hung tile elevations beneath a pitched tiled main roof with gables.
The subject occupies a superior trading position at the corner of High Street and Gosport Lane (A35) opposite the Meridien Modena Ferrari dealership. The town of Lyndhurst is situated at the heart of the New Forest and forms the administrative centre with the New Forest District Council offices being located in the town.
A purchase at this level will show an attractive net initial yield of 7.42% after allowance for buyer’s costs at 4.8%.
The property comprises two ground floor retail/commercial spaces with extensive frontage to High Street.
The upper floors comprise residential flats with a self contained entrance to the rear. The building is attractive with a combination of brick, render and hung tile elevations beneath a pitched tiled main roof with gables.
The subject occupies a superior trading position at the corner of High Street and Gosport Lane (A35) opposite the Meridien Modena Ferrari dealership. The town of Lyndhurst is situated at the heart of the New Forest and forms the administrative centre with the New Forest District Council offices being located in the town.
Property Facts
| Price | $968,284 CAD | Number of Properties | 2 |
| Price / SF | $550.16 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.42% | Total Building Size | 1,760 SF |
| Sale Type | Investment | Total Land Area | 0.09 AC |
| Status | Active |
| Price | $968,284 CAD |
| Price / SF | $550.16 CAD / SF |
| Cap Rate | 7.42% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 1,760 SF |
| Total Land Area | 0.09 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 56 High St, Lyndhurst SO43 7BG | Retail | 1,169 SF | 1920 | - |
| 54A High St, Lyndhurst SO43 7BG | Retail | 591 SF | 1880 | - |
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54-56 High Street, Lyndhurst, SO43 7BG
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