47 Station Rd 4,380 sq ft Retail Property New Milton BH25 6HU £350,000 (£79.91/sq ft) 6.81% Net Initial Yield

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.