Business Summary

SITUATION AND DESCRIPTION

The property is located in Lymington’s busy town centre high street. There are numerous high street banks and nationwide tenants in close proximity to the subject property.

The property has its own access off Lymington High Street and is arranged in the basement of 99 High Street.

The premises have been stripped out and are now an empty shell. To the rear of the property is an open planned space with the bar area located towards the front. Adjacent to the bar is where the cellar is located.

ACCOMMODATION

99 High Street
Dining / Bar
Area: 320 sq.ft. 29.67 sq.m. approx.
3 separate WC’s on ground floor

Ancillary area
98 High Street
Dining area 512.4 sq.ft. 47.62 sq.m. approx.
Kitchen 70 sq.ft. 6.5 sq.m. approx..

100 High Street
Cellar area 195 sq.ft. 18.13 sq.m. approx.

RATEABLE VALUE – To Be Reassessed

U.B.R. 2013/2014: Payable; 46.2% (if eligible for small rate relief), otherwise 47.1%

Interested parties should enquire of the local Rating Authority as to the implications of the phasing arrangements on the amount of rates actually payable. Parties should also make enquiries concerning the implications of the small business allowance

PLANNING

Change of use of basement area from store to on-licence cellar bar was granted on 12/09/1969. Re: XX/LYB/12163.

TENURE

The 99 High Street is available on a new lease with terms to be negotiated at a rental of £8,000 p.a.

The 98 High Street and 100 High Street are available on separate leases with terms to be negotiated at a rental of £5,000 p.a. and £2,000 p.a. respectively.

LEGAL FEES

The incoming tenant will be responsible for their own legal fees.

VIEWING AND FURTHER DETAILS

By arrangement with Ellis and Partners through whom all negotiations are to be conducted.

Tel: 01202 551821
Website: www.ellis-partners.co.uk

Property Details

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