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19-21 High St 1,336 sq ft Retail Property Lyndhurst SO43 7BB £860,000 (£643.71/sq ft) 7.55% Net Initial Yield
Investment Highlights
- Fully let with five income-producing units
- Residential units fully occupied with AST
- Freehold ownership
- Established commercial tenant on long lease (15 years from 2015)
- Total income £64,900 per annum
Executive Summary
This is a prime freehold mixed-use investment located in a prominent corner position on Lyndhurst High Street, within the New Forest National Park. The property comprises a ground floor and basement retail unit let to the established Lyndhurst Antique Centre on a 15-year lease from 2015, alongside four fully occupied residential apartments above. The commercial rent is £25,000 per annum (subject to upward-only review), and the residential units generate £39,900 annually. The asset is fully income-producing with five tenanted units, offering stable cash flow and limited landlord outgoings, as the tenant contributes to building costs.
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,336 sq ft
Costar Property Class
B
Year Built
1835
Price
£860,000
Price per sq ft
£643.71
Yield
7.55%
NOI
£64,930
Tenancy
Single
Number of Floors
2
Plot ratio
0.65
Total Plot Size
0.05 ac
Frontage
43 ft on High Street
Amenities
- EPC - B
- Storage Space
1 1
Nearby Major Retailers
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19-21 High St
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