Property ID: C6584-Lanes
For Sale £45,000 p.a.
TELEPHONE: 01202 551 821 • FAX: 01202 557 310 • DX 7614 BOURNEMOUTH
ALSO AT BRIGHTON
Ellis and Partners Ltd No. 04669426.
Ellis and Partners (Bournemouth) Ltd No. 6522485. Ellis and Partners (Brighton) Ltd No. 6522566
Registered in England and Wales. Registered Office: 4 Dean Park Crescent, Bournemouth, Dorset BH1 1LY
- Established restaurant/bar
- Freehold can be purchasd
- Ground and first floors and second floor ancillary and stores
- Located just off the High Street
- Lanes of Lymington, Ashley Lane, Lymington, Hants, SO41 3RH
SITUATION AND DESCRIPTION
The affluent market town of Lymington is situated on the southern edge of the New Forest National Park midway between Bournemouth and Southampton
The High Street is the main shopping area in the town where there is a healthy mix of both local and national occupiers. The subject property, which we are advised was formerly a church and school, is located just off the High street in a cul de sac. The cul de sac is located opposite the Costa Coffeee in the High Street.
The accommodation is arranged over 3 storeys. The ground floor includes a sizeable bar and waiting area, restaurant seating plus male and female cloakrooms. The first floor comprises further restaurant seating and kitchens and preparation areas and the second floor is ancillary office and storage.
Restaurant seating, bar and waiting area, male and female cloakrooms
Width 40’00” (12.1m)
Depth 30’00” (9.1m)
Gross Internal Floor area: 1,100 sq.ft. (102 sq.m.)
Restaurant seating and kitchens and food preparation area.
Gross Internal Floor area: 820 sq.ft. (76 sq.m.)
(potential to increase the seating area if required)
Ancillary stores and Office 200 sq.ft. (18.5 sq.m.)
Total Gross Floor Area 2,120 sq.ft. (196 sq.m.)
Long established use as a licenced restaurant and bar
This property falls within Class E Commercial Businesses and Services, which include A1 retail, A2 office, A3 Catering, B1 Light Industrial, Indoor sports and Medical use, crèche/day nursery
Licence No. 994/2
Sales of alcohol, provision of live and recorded music, films or sporting events.
A copy of the premises licence is available upon request.
Further enquiries to New Forest District Council
Lanes of Lymington has been trading for approximately 16 years providing. The restaurant currently has between 45 / 50 covers but potential to have more covers if required. Husband and Wife working full time and 7 / 8 part time staff,
Tuesday to Saturday 1130 to 1400 and 1800 to 2100
We have had sight of trading accounts which show a turnover of £352,000 for the year ending March 2022 with an adjusted Net Profit of £153,000 before any deductions for directors salaries / pensions.
EPC RATING – C
Available on a new lease with terms to be negotiated at a rental of £45,000 per annum.
Once a letting has been agreed, the proposed tenant will need to make a non-refundable applicant charge of £550.
£85,000 for the goodwill, fixtures and fitting of the existing business.
Alternatively £675,000 for the freehold including the goodwill, fixtures and fittings of the existing business.
VIEWING AND FURTHER DETAILS
By arrangement with Ellis and Partners through whom all negotiations are to be conducted.