Property for sale

Brookley Road, Brockenhurst SO42

Strapline

Auction Sale - 24/11/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -

A freehold convenience store investment at ground floor with a self-contained two-bedroom flat at 1st floor. A new reversionary lease has been agreed with the Co-op, extending the term from 2027 to 2033, with an outstanding rent review yet to be implemented.

The flat is let at a low rent under a company lease dating from 2007 and is currently holding over.

Both the shop and flat offer immediate asset management potential to increase the passing rents.

Investment let at £40,600 p.a. (erv once rent reviews and new rents agreed circa £57,000 p.a.*)

Description

The property comprises of a freehold mid terrace convenience store with a substantial self-contained two-bedroom flat above, arranged over a total floor area of approximately 424 sq m (4,573 sq ft).

The ground floor provides the convenience store accommodation, with the residential 2 bedroom flat above extending to approx.977 sq ft and benefiting from independent access to the rear.

The property offers instant asset management potential to improve the passing rent both my implementing the outstanding rent review (2025, time is not of essence) and re - negotiating the lease for the 1st floor flat.

The first floor flat is let out on a company lease structure and has been on a tenancy since 2007, the current tenant is holding over.

Location

Brokenhurst is a vibrant and beautiful New Forest village where ponies, donkeys and cows walk down the high street which is filled with eateries, butchers, grocers, an award winning bakery and independent shops. The countryside around the village is spectacular and the train station provides links to London Waterloo with the fast train taking approx. 1hr 30. There is a C of E Primary school with Good Ofsted rating and a tertiary college. The village has successful football, cricket and bowls clubs, three public houses and several luxury hotels, some with gyms.

Transport

The property is conveniently located for Brockenhurst railway station an approx. 0.3 miles, which provides direct services to London Waterloo, Southampton, Bournemouth and Lymington, together with wider connections across the South Coast.

Tenancy

62 Brookley Road (Commercial unit)

• Let to W.J.&R. Dance Ltd trading as Co-op
• New reversionary lease agreed to Co Operative Franchising Ltd from Feb 2027 to March 2033
• Outstanding rent review from 2025, time is not of essence
• Rent review in March 2030
• Co Operative Franchising is owned by Southern Co-op, which is moving under the Co-op Group (subject to cma approval)
• Investment let at £31,000 p.a.

62A Brookley Road (Residential unit)

• Let to Green Close Ltd
• Let on a rolling tenancy from 2007 currently holding over
• As this is a company lease it is not subject to the renter right act 2025 there is potential to increase the passing rent straight away (subject to negotiation)
• Let on a low rent of £9,600 p.a.

Total rent = £40,600 p.a.

Accommodation

Please refer to the floor plan