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.
Location
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 townnns 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.
Amenities
s let to Superdrug Stores Plc for a term of 5 years from 19th June 2023