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Savills (UK) Limited 2 Charlotte PlaceSouthampton SO14 0TB

023 8071 3900

Licensed LeisurePassage to India

g Freehold Investment For Sale

g Large Attractive Imposing Building

g Affluent Hampshire Town

g Established Local Covenant

3-5 Romsey Road, Lyndhurst SO43 7AA Freehold Investment For Sale – Guide Price £650,000

LocationLyndhurst is an attractive and affluent market town located in the New Forest National Park approximately 10 miles west of Southampton and 18 miles north-east of Bournemouth.

Lyndhurst benefits from excellent communications with easy access to the M27, Junction 1, via the A337 and Bournemouth and Southampton are connected via the A35. There is also Ashurst New Forest train station within 1 mile of Lyndhurst to the north, with journey times to London Waterloo of approximately 1 hour 30 minutes.

The property is prominently located on Romsey Road (A337) close to its intersection with the A35.

Nearby occupiers include Prezzo, The Fox and Hounds (Fullers), Lloyds Bank and Total Tea.

Description The property comprises of a three storey brick building with stone lintels and mixed glazing, with pitched tiled roof.

Internally the property provides a ground floor restaurant with ancillary back of house and staff living accommodation at first and second floor level (Flat 3A). There is an additional self contained flat (5A) which is accessed via the front elevation. We outline below the accommodation:-

AccommodationGround Floor

g Restaurant with bar servery and 54 covers g Ladies and gents WC facilities g Commercial kitchen

First Floor

Flat 3A (Restaurant Ancillary)

g Store g Store g Staff Changing Room g WC

Flat 5A

g Kitchen g WC g Study g Lounge g Second Floor

Flat 3A

g Lounge g 2 bedrooms g Bathroom

Flat 5A

g 3 bedrooms g Bathroom

We have measured the building on a gross internal basis and outline our understanding of the floor areas as follows:-

Use Floor Sq m Sq ft

Restaurant Ground 109.1 1,175

Flat 3A First 47.4 510

Flat 3A Second 38.9 419

Total Flat 3A 86.3 929

Flat 5A First 52.7 567

Flat 5A Second 44.0 473

Total Flat 5A 96.7 1,040

Total Accommodation 475.1 3,144

Rating and Council TaxThe subject property is listed in the 2010 Rating List as follows:-

Property Address Description Rateable Value

Passage to India, 3 to 5 Romsey Road Restaurant £13,750

The National Multiplier for England and Wales for 2016/17 is £0.497.

The Council Tax Bands that are applicable to the subject property are as follows:-

Property Address Description Tax Band

Passage to India, 3 to 5 Romsey Road Restaurant Band A

5A Romsey Road Band B

PlanningThe property is not Listed but it is within a Conversation Area.

NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. ©Crown copyright licence number 100024244 Savills (UK) Ltd.NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

Important Notice

Savills, their clients and any joint agents give notice that:

1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644 | August 2016

TenureFreehold subject to the tenancies as described below.

TenanciesThe entirety of the ground floor and first and second floor of Flat 3A is currently let on a 20 year FRI lease, with 5 yearly rent reviews, from August 2005 to Mr Tarafdar at a passing rent of £34,000 per annum. The lease will be provided to interested parties upon request.

Flat 5A at first and second floor is currently vacant, however we believe that following decorative refurbishment this is capable of generating an additional income of £14,000 per annum let on an Assured Shorthold Tenancy (AST) agreement.

In our opinion therefore a total rent roll of £48,000 per annum is achievable for the property. The guide price therefore reflects a reversionary yield of 7% assuming purchasers costs at 5.9%.

The National Multiplier for England and Wales for 2016/17 is £0.497.

ViewingFor a formal viewing, strictly by appointment with Savills.

ContactPiers Cook023 8071 3988pcook@savills.com

Adam Bullas023 8071 3967abullas@savills.com