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Guide price
£375,000

3 bedroom character property for sale

High Street, Lymington, SO41
Character property
3 beds
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent

Features and description

  • Tenure: Freehold
  • Investment opportunity Business unaffected
  • Overall rental yield of 8.4%
  • Comprises a ground floor commercial unit and the freehold of the two storey flat above

INVESTMENT OPPORTUNITY - BUSINESS UNAFFECTED. Overall rental yield of 8.4%. A rare chance to acquire the Freehold of an attractive Grade II Listed period building on Lymington's thriving High Street . The property comprises a ground floor commercial unit, currently a premium brand jewellers with office, workshop and store to a total of 1179.3 sq ft (109.6 sq m). Also included is the freehold of the two storey flat above with a leaseholder in place on a 172 year lease from 2021 - 169 years remaining.



The property are situated in a busy part of Lymington High Street which is extremely popular with local residents and visiting tourists. The High Street also hosts a weekly Saturday market and the property is positioned in an exceptionally picturesque position close to the Town's historic 'cobbles' leading to the quay. All the town's facilities are on the doorstep with a wide range of independent shops, cafes, pubs, restaurant and boutiques within easy reach 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.



This handsome three storey building forms an attractive terrace of varied Grade II Listed buildings on the south side of the High Street. The commercial unit opens directly onto the High Street with rear access to the building, and flat above, via a passage way just to the east of the main facade. 

The ground floor is divided into a show room at the front directly accessible from the street. Also accessed from the show room is the basement via a trap door. To the rear of the commerical unit is an office, workshop, kitchen and cloakroom and a couple of storage areas.

Above the shop on the first and second floors, and with its own separate access, is a private residential apartment extending to approximately 1,200 sq ft with 3 bedrooms, a sitting / dining room, kitchen / breakfast room and shower room. This leasehold of this part of the building is held by a current leaseholder with 169 years remaining.



Tenure: Freehold of 23 High Street (commercial premises) & 23a High Street (private residential leaseholder).

Property Construction: Brick elevations

Utilities : Mains water, drainage and electricity are connected to the property

Heating: To be confirmed

23 High Street CEPC - D 96

Broadband: Ultrafast broadband with speeds of up to 1,000 Mbps is available at this property (ofcom)

Mobile signal / coverage: Please check with your provider

Conservation Area: Lymington

Parking: There is no parking 

This leasehold of this part of the building (23a High Street) is held by a current private residential leaseholder;

Term: 208 years from 29 September 1985 with 169 years remaining, Expiry 2193

Rent: £125 p.a.

Repairing: To keep the premises in good and substantial repair. Internal repainting every 5 years.)

Workman LLP are the managing agents currently instructed to manage the building.

The leases state that the retail and residential tenants have a 50/50 split of the external repairing covenant.



From our office on Lymington High Street head east, downhill away from the Church. Continue for approximately 300 yards and the property will be found on the right hand side occupied by 'Watches of Distinction' and opposite Tesco Express. 



Property information from this agent

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About this agent

Spencers New Forest - Lymington
Spencers New Forest - Lymington
74 High Street Lymington SO41 9AL
01590 287946
Full profileProperty listings
Spencers New Forest is the leading independent estate agency for the New Forest with a network of offices across the National Park and surrounding areas. We provide an unrivalled service for both vendors and purchasers, having established a strong reputation for a professional, efficient and reliable service along with a friendly approach and extensive, in-depth local knowledge. Spencers New Forest is owned and run by three directors who have worked in and around the New Forest area for many years. Together we have established a company founded on a shared ethos for a modern, dynamic, forward-thinking estate agency that also encompasses the traditional values of a personal and professional service. We continually review and respond to the marketplace – an example of this is that we are the only estate agency in the Forest with a dedicated lettings office. Exemplary local knowledge is key to Spencers New Forest and highly valued by both home owners in a market dominated by character and individual properties, as well as those looking to move to the area. The team lives, loves, enjoys and understands the New Forest. They are members of the local community and among them are parents, cattle breeders, dog owners, horse riders, sailors and cyclists, runners and walkers.
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