The properties are situated opposite St Thomas’s church on Lymington High Street with access to four of the properties from Church Lane which lies adjacent. The High Street hosts a weekly Saturday market and the property is positioned in an exceptionally  picturescue position opposite St Thomas’ Church. All the town’s facilities are on the doorstep with a wide range of independent shops, cafes, pubs, restaurant and boutiques within easy reach. There is ample recreational space at Woodside Park a short distance away with the town’s renowned sailing clubs and marinas also within walking distance. Lymington has a rail service to Brockenhurst twice an hour which connects with direct trains to the capital.

The Freehold of this charming and well maintained period building forms a small enclave on a particularly attractive corner plot on Lymington’s historic High Street. Lying opposite St Thomas’ church and flanked by other Listed Georgian buildings the main facade of numbers 60, 61 & 62 High Street form a classic period building with a large retail establishment extending to 3,434 sq ft (319 sq m) which retains a great deal of the character of the period yet provides the framework for a practical and inviting shopping experience. The current retail area is divided into several rooms of varying sizes and is currently occupied by a long established and well known home interiors and design company. The shop’s name is a byword locally for a specific sense of relaxed style and a subtly luxurious home environment. The premises and retail business are often used as a local landmark when describing a location on the High Street and as such are firm fixtures of Lymington’s street scene. 

This established character has been further enhanced by the business’s signing of a 10 year lease in September 2022 committing to a rent of £65,000 per year. 

In addition to the ground floor of numbers 60, 61 & 62, the business also occupies the first and second floors of Number 60 which are currently used as offices and a design studio. There is also a small basement below the property.

Also included are the adjacent freeholds of 1a Church Lane – a three bedroom maisonette apartment, 1 Church Court – a two bedroom maisonette apartment, 2 Church Court – an attached 1 bedroom house and 3 Church Court – a detached house with garden.

Lease agreements

All leasehold agreements convey responsibility for maintenance and upkeep to the leaseholders. An independent management company, whose costs are paid by the leaseholders, oversees any required work with each leaseholder contributing a previously agreed percentage of the overall cost. Buildings insurance is organised by the management company and the cost covered by the leaseholders collectively. 3 Church Court’s leaseholder is solely responsible for maintenance and is not managed by the management company.

   

Included in the Freehold is an outdoor paved alleyway providing access to Numbers 1, 2 & 3 Church Court.

Living in Lymington

This vibrant and picturesque Georgian market town, positioned between the Solent, Lymington River and the New Forest, has been a massive draw for many people over the years.

It has always attracted ‘yachties’ as it’s considered the UK’s sailing capital with its boatyards, marinas and sailing clubs. It is also popular with families and retirees escaping London and the Home Counties in search of a better quality of life, often light-heartedly referred to as ‘Richmond by the Sea’. It’s also the choice for many in the New Forest who are considering downsizing, but want to remain in the area.

Lymington is a lively hub. It has a very distinctive centre with many independents (such as Elliotts of Lymington for designer fashion) as well as a strong smattering of top quality names (including Musto and Waitrose). A tasty range of eateries includes cafes, pubs and restaurants – check out two good tapas bars, Elderflower on Quay Hill (the chef is ex-Chewton Glen) and stylish Stanwells House Hotel. And every Saturday the High Street is taken over by a proper, old-fashioned market with everything from fresh fruit and vegetables to flowers and plants, fashion to fishing equipment, and vintage collectables to artisan food producers.

Property ranges from elegant period townhouses in the town centre to big family homes down leafy lanes ‘South of the High Street’ and new waterside development. Looking for an Estate Agent in Lymington? Spencers are here to help.

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£765,000

Lymington

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INVESTMENT OPPORTUNITY - BUSINESS UNAFFECTED. Overall rental yield of 8.5%. A rare chance to acquire the Freehold of a prominent retail business rental income in central Lymington. The property comprises a corner retail unit, offices and stores to a total of 3,044 sq ft (283 sq m) which is currently let to a prestigious home interiors company. Also included are the freeholds of four further properties with leaseholders in place on 999 year leases. 

Property Details

  • Tenure: Freehold

Spencers Lymington Office


74 High Street
Lymington
SO41 9AL

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