High street investment for sale in a 100% prime location in the prosperous Hampshire town of New Milton. We are seeking a price of £500,000 to reflect a net initial yield of 6.5%. The property comprises a two storey retail premises comprising a shop to the ground floor with ancillary accommodation above being of traditional brick construction beneath a pitched tiled roof. The property has the benefit of rear access from Old Milton Road.
Retailing in New Milton is concentrated on Station Road, and the property is located in a prime location on the western side just to the south of the junction with Old Milton Road. Nearby retailers include Boots, Card Factory, BHF, McColls, Specsavers, KFC, Holland & Barrett, Papa Johns and Morrisons Supermarket. M&S have recently opened a new Foodhall diagonally opposite the property which has become a major draw to the town centre, along with the Bradbeers Department Store. The town’s major shoppers car park is located immediately to the rear of the property.
New Milton is a popular and affluent Hampshire market town located on the southern edge of the New Forest approximately 11 miles east of Bournemouth and 7 miles west of Lymington. The town has a resident population of some 25,717 residents which is enhanced considerably during the summer months due to tourism in the area.
s let to Superdrug Stores Plc for a term of 5 years from 19th June 2023
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