Map2 bedroom cottage for sale
High Street, Milford On Sea, Lymington SO41
Investment Opportunity
Cottage
2 beds
1 bath
Key information
Features and description
- Profitable investment opportunity comprising the freehold of a ground floor shop & first floor flat
- Ground floor shop currently rented for just under £10,000 per annum
- First floor apartment turnover of approx. £25,000 per year as successful holiday let
- Apartment with two double bedrooms, sitting room, kitchen & bathroom
- Village centre location
- Bakery business unaffected
THE APARTMENT
The front door opens into the entrance lobby where there is a useful storage cupboard and staircase leading up to the landing. The kitchen/breakfast room is fitted with a range of floor and wall mounted units incorporating a stainless steel one-and-a-half bowl sink with mixer taps, space for a range style electric cooker in a recess with extractor above, integrated washing machine, space/plumbing for a dishwasher and fridge. The wall mounted Vaillant gas fired boiler provides domestic hot water and central heating. The spacious sitting room enjoys a lovely leaded light UPVC bow window to the westerly approach to the village and a feature wood burning stove. There are two bedrooms; the main bedroom is a generous double and has a built-in wardrobe as well as a bow window overlooking the High Street. Bedroom two is also a good sized double with a feature Victorian fireplace. The bathroom is fitted with a modern suite comprising a panelled bath with shower and glass screen, WC and vanity unit. There is an access hatchway to a large loft which could be further extended, subject to the relevant planning permissions. The current owners have drawn up preliminary plans for this which can be made available upon request. There is no allocated parking with the property, although there is parking available in the village including a public car park. The flat is currently used as a successful holiday let with a turnover of approximately £25,000 per annum.
THE SHOP
Lease on the shop (Coastal Bakery) is 7 years commencing Sept 2020 with a break clause at 5 years. Current rent £9650 per annum, rising to £9800 per annum in Sept 2025.
SERVICES
All mains services are connected to the property
RATEABLE VALUE
£2,550 per annum
EPC RATINGS
Shop - B
Apartment - D
The front door opens into the entrance lobby where there is a useful storage cupboard and staircase leading up to the landing. The kitchen/breakfast room is fitted with a range of floor and wall mounted units incorporating a stainless steel one-and-a-half bowl sink with mixer taps, space for a range style electric cooker in a recess with extractor above, integrated washing machine, space/plumbing for a dishwasher and fridge. The wall mounted Vaillant gas fired boiler provides domestic hot water and central heating. The spacious sitting room enjoys a lovely leaded light UPVC bow window to the westerly approach to the village and a feature wood burning stove. There are two bedrooms; the main bedroom is a generous double and has a built-in wardrobe as well as a bow window overlooking the High Street. Bedroom two is also a good sized double with a feature Victorian fireplace. The bathroom is fitted with a modern suite comprising a panelled bath with shower and glass screen, WC and vanity unit. There is an access hatchway to a large loft which could be further extended, subject to the relevant planning permissions. The current owners have drawn up preliminary plans for this which can be made available upon request. There is no allocated parking with the property, although there is parking available in the village including a public car park. The flat is currently used as a successful holiday let with a turnover of approximately £25,000 per annum.
THE SHOP
Lease on the shop (Coastal Bakery) is 7 years commencing Sept 2020 with a break clause at 5 years. Current rent £9650 per annum, rising to £9800 per annum in Sept 2025.
SERVICES
All mains services are connected to the property
RATEABLE VALUE
£2,550 per annum
EPC RATINGS
Shop - B
Apartment - D
About this agent
Caldwells are the New Forest’s leading Independent Estate Agent with a prominent and dynamic sales office in the vibrant centre of Lymington.Our extensive property register covers the full range of local property available, whether residential property, commercial property, retirement property, New Forest and equestrian properties, land or new homes. Whether buying or selling, Caldwells offer a service that is second to none. With our many years of local experience in the property market, we have built up a strong and dedicated team of professional and highly motivated full and part time staff whose local knowledge and experience ensures that the best possible service is offered to all our clients at all times.
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