BH24 Spencers, The Cross, Burley, Ringwood

The Property Investment comprises two self-contained commercial units, currently occupied as Spencer's estate agency offices and Capaccio's sweet shop.

The Spencer's accommodation is particularly well presented and has been fitted out to an excellent standard, combining contemporary office accommodation with the character of the original building.

The ground floor provides predominantly open-plan customer-facing office accommodation with an attractive and highly prominent glazed frontage. The accommodation benefits from recessed lighting, modern flooring, built-in storage, wall-mounted electric heating and network/data provision.

At first-floor level is an additional office/meeting room with substantial storage and a dedicated data/network cupboard. To the rear are kitchenette and WC facilities together with rear pedestrian access.

The sweet shop provides a characterful and predominantly open-plan retail sales area of irregular configuration, together with a rear sink and separate WC.

The property is available to purchase freehold subject to and with the benefit of the below leases:

Office Tenant - Spencers Of The New Forest Limited

Passing rent: £20,000 per annum - Lease of nine years from March 2021 - rent reviews every third anniversary

Retail Tenant - Julie Carlo

Passing rent: £7,200 per annum - Lease of six years from March 2021 and now entering in to a further three year lease until March 2030 at a new rent of £7,800 per annum

The property occupies an exceptionally prominent position in the heart of Burley, one of the New Forest's best-known and most attractive villages. Burley benefits from a strong local catchment together with substantial visitor and tourist trade throughout the year. The property occupies a central trading position within the village, surrounded by a variety of independent shops, cafés and other commercial occupiers.

Rental Income £27,200 pa

Gross Initial Yield 6.18%