An opportunity to acquire the freehold of this charming grade II listed building, consisting of a ground floor shop unit extending to approximately 270 sq ft and currently let at £11,000 per annum together with an apartment above arranged over two floors, having separate access. Delightfully situated in the historic cobbled street leading from the bottom of the High Street down to the Quay and Lymington River.
Consisting of a lock up shop unit measuring approximately 7m deep plus storage x 3.5m wide, giving approximately 270 sq ft with a display window to front. Currently let out at £11,000 per annum with the current tenant happy to enter into a new lease agreement with terms to be agreed.
APARTMENT
Occupying the first and second floor and having a separate gated access to the right hand side of the shop.
THE ACCOMMODATION COMPRISES:
(All measurements are approximate)
The first floor apartment is approached through a side gate a couple of shops to the right hand side.
Steps lead to a terrace and glazed double doors to.
Kitchen 11'9 x 11'2
A range of floor standing and wall mounted cupboards and drawers with sink unit, washing machine, cooker and refrigerator, radiator, stairs to
First Floor
Storage cupboard under.
Sitting Room 11'11 x 11'2
Radiator
Landing
Radiator
Bedroom 11'8 x 11'
Radiator and wardrobe cupboards.
Bathroom
Bath with a shower attachment, vanity basin towel rail radiator and airing cupboard.
Cloakroom
Wc, wash basin and radiator.
Council Tax – B EPC Rating – Grade II Listed
Freehold of Character Grade II Listed Tenanted Shop Plus Flat
Shop Currently Rented at £11,000 per annum
Flat Vacant but could rent for £895 pcm
Situated in this Historic Cobbled Street
Adjoining the Bottom of the High Street with the Quay and Lymington River
Before the tenancy starts (payable to Hayward Fox Lymington (the Agent))
Holding Deposit: One week’s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
Deposit: 5 weeks rent
During the tenancy (payable to the Agent)
Unpaid Rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Keys or other security device: Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £ 15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Variation of Contract (Tenant’s Request): £ 50 (inc. VAT) per agreed variation. To cover the costs associated with taking landlord’s instructions as well as the preparation and execution of new legal documents.
Change of Sharer (Tenant’s Request): £ 50 (inc. VAT) per replacement tenant or any reasonable costs incurred if higher. To cover the costs associated with taking landlord’s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination (Tenant’s Request): Should the tenant wish to leave their contract early; they shall be liable to the landlord’s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
During the tenancy (payable to the provider) if permitted and applicable
Utilities: gas, electricity, water
Communications: telephone and broadband Installation of cable/satellite
Subscription to cable/satellite supplier
Television licence
Council Tax
Other permitted payments
Any other permitted payments, not included above, under the relevant legislation including contractual damages.
Tenant protection
Hayward Fox is a member of ARLA Propertymark CMP, which is a client money protection scheme, and also a member of The Property Ombudsman Scheme ( which is a redress scheme. You can find out more details on the agent’s website or by contacting the agent directly.
Rental payments
Rents are payable in advance by standing order with all payments being made 72 hours prior to your rent due date to allow for clearance.
Landlord Fees
Tenant Find: 60% of first months rent, minimum £ 594 (inc VAT)
