15-17 HIGH STREET, MILFORD-ON-SEA, LYMINGTON, HAMPSHIRE, SO41 0QF
FREEHOLD TOWN CENTRE BUILDING FOR INVESTMENT
On the instructions of the Mortgagees not in possession
Currently Let At: £18,040 Per Annum
A detached freehold building situated in the very popular seaside town of Milford-on-Sea. The property is arranged as a ground floor retail unit with two self-contained flats set across the first and second floors.
Ground Floor Shop Hair and beauty salon with staff kitchen and cloakroom with W.C. Separate rear store area/void. Let on a 15 year lease from 18th June 2007 at a rental of £12,000 per annum.
Flat A (Flat 1) Sold on a 125 year lease from, and including, 1st October 2008 at a ground rental of £100 per annum.
Flat B (Flat 2) Living room/kitchen, bedroom and bathroom with W.C. We are advised that the flat is let under the terms of a tenancy agreement at a rental of £495 per calendar month.
Outside Garden to the rear.
Commercial EPC: G
IMPORTANT: All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on the Auction Day.