Property photos
Freehold
Non quoting
Property for sale
5 The Square, Petersfield GU326,447 sq. ft
Local area information
Property location
Nearby amenities
- Petersfield Infant School 0.1 miles
- Petersfield 0.2 miles
- The Petersfield School 0.3 miles
- Liss 3.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Petersfield to find out more about the local area.
Features and description
- Freehold
- Prime banking unit investment in affluent Hampshire market town.
- Part three, part two storey Grade II listed building comprising banking hall and offices with separate entrance available.
- Let to the undoubted covenant of Lloyds Bank Plc until 23 June 2026.
- Current oassing rent of 94,500 per annum.
- Tenant has been in occupation for over 25 years and the branch is not on the list of scheduled closures.
- Opportunity at lease expiry to reposition the property and asset manage with separate entrance to upper parts if the tenant does not renew.
- No VAT.
- Offers in excess of 1,000,000 (One Million Pounds), subject to contract, for our client's freehold interest. A purchase at this level reflects a net initial yield of 8.94% after purchaser's costs of 5.75%.
Description
The property comprises a part three, part two store Grade II listed building constructed of traditional brick under a pitched slate covered roof.
The property is laid out to provide a ground floor banking hall with associated offices and strong room. The first and second floors are set out as individual offices and staff areas with access by either of two wooden staircases.
A separate access door from The Square has enabled the upper parts to be sub let in the past. The property benefits from a small rear car parking areas accessed via Park Road and Central car park.
Location
Petersfield is an attractive market town in Hampshire with an affluent population, situated at the junction of the A3 and A272.
The town benefits from excellent communications with three junctions on the A3 providing access to the M25 (34 miles to the north and Portsmouth and M27 (18 miles) to the south. The town is served by a direct rail link to London in 1 hour 5 minutes, which also serves Portsmouth and other south coast locations. Southampton airport is just 27 miles to the southwest.
The property comprises a part three, part two store Grade II listed building constructed of traditional brick under a pitched slate covered roof.
The property is laid out to provide a ground floor banking hall with associated offices and strong room. The first and second floors are set out as individual offices and staff areas with access by either of two wooden staircases.
A separate access door from The Square has enabled the upper parts to be sub let in the past. The property benefits from a small rear car parking areas accessed via Park Road and Central car park.
Location
Petersfield is an attractive market town in Hampshire with an affluent population, situated at the junction of the A3 and A272.
The town benefits from excellent communications with three junctions on the A3 providing access to the M25 (34 miles to the north and Portsmouth and M27 (18 miles) to the south. The town is served by a direct rail link to London in 1 hour 5 minutes, which also serves Portsmouth and other south coast locations. Southampton airport is just 27 miles to the southwest.
More information
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