Petrol Stations for sale in the BH25, New Milton

Commercial Property in BH25 available for sale

Retail Properties for Sale Near the BH25, New Milton

47 Station Rd

New Milton, BH25 6HU

Retail for Sale
£350,000
4,380 sq ft

Energy Performance: C
Security System

New Milton Retail for Sale

This property, located in the desirable area of New Milton, offers excellent visibility and accessibility, situated at the prominent junction of Station Road and Osborne Road, just 100 meters from the train station. Currently leased to Lloyds Bank Plc, the ground floor serves as a banking hall, with office and ancillary space on the upper floors. The property includes rear parking and has potential for redevelopment, with a feasibility study available for converting it into a commercial unit and three flats (subject to consents). Property is currently occupied by Lloyds Bank Plc, which has served notice to break the lease on 31st January 2026, with the branch set to close in 2025. The asking price offers in excess of £350,000.

Contact:

Koopmans

Property Subtype:

Bank

Date on Market:

25/02/2025

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More details for 55 Seaward Av, New Milton - Retail for Sale

Westcliffe Buildings - 55 Seaward Av

New Milton, BH25 7HN

Retail for Sale
£1,500,000
2,176 sq ft

New Milton Retail for Sale

Barton on Sea is an attractive cliff-top village in Hampshire, close (1 mile) to the town of New Milton to the north. Barton lies within the civil parish of New Milton. The subject property lies on the corner of Seaward Avenue and Sea Road. The latter road leading to Marine Drive to the south which offers panoramic views of the Solent and IOW. The immediate surrounding area is made up of detached residential housing and Barton Sea Methodist Church is located directly opposite the property. Attractive Co-op Investment Opportunity Located In Barton on Sea The property comprises of a three storey ‘art deco’ brick building with rendered façade, mixed glazing and a flat roof. The ground floor has been sensitively amalgamated and adapted to provide full glazed fenestration and a recently fitted out Co-op (opening date 25.07.25). There is an internal stair case and lift shaft which lead to the self-contained first floor of the Co-op unit and the first floor has been segregated for the various back of house areas including inhouse bakery, office, staff room etc. Access to the residential accommodation is via a communal entrance on the elevation fronting Seaward Avenue. A stair case leads to a 1 bedroom flat (included within the sale), which comprises of lounge/kitchen, bedroom and bathroom. The staircase then leads to a further three flats, a corner 2 bedroom ensuite flat (included within the sale), with lounge and kitchen. The two other flats have not been inspected but comprise a 2 bedroom and 1 bedroom apartment (both of these have been sold off on a long leasehold interest). The flats have recently been refurbished to a decent specification. Attractive Investment Opportunity Freehold Available Ground and part first let to The Co-op Group Food Ltd on a new 15 year lease One x 2 bedroom and One x 1 bedroom flat above also included Total net income of £97,400 per annum Offers in excess of £1,500,000 The front and side have been recently tarmacked and provide retail parking and a servicing solution for the retail unit. Access at the rear is also provided to the flat meters. Freehold. The site has a lease to the Co-op Group Food Ltd at a rent of £72,500pa, 15-year term no breaks, 12 months at half rent, 5-yearly reviews to CPI collar at 1% cap at 3%. There are 4 flats, 2 have been sold-off on a long leasehold interest and 2 let (as described above) on Assured Shorthold Tenancy agreements at rentals of £15,000 pa and £9,900 pa. works and AST’s can be provided upon request. We are seeking offers in the order of £1,500,000 for the Vendor’s freehold interest. The price reflects a net initial yield of 6.12% against the fully income producing asset. From 1st September 2020 under the Town and Country Planning (Use Classes) Order 1987 (as amended) we understand the property benefits from Class E retail use on the ground and part first floor and then C3 residential on part first and second floors. We understand the property is not listed nor located in a Conservation Area.