Investment
Investment Opportunity – Petersfield
5 The Square, Petersfield, GU32 3HL
For Sale
Terms
6,436.82 sq ft
Size
7.7%
Yield
Gallery
- 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%.
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Where to find this property
Petersfield
GU32 3HL
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