Investment Opportunity – Petersfield
5 The Square, Petersfield, GU32 3HL
6,436.82 sq ft
· Prime banking unit investment in affluent Hampshire market town.
· Let to the undoubted covenant of Lloyds Bank Plc for a further three years.
· Passing 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.
· Scope to reposition the property and asset manage with separate entrance to upper parts.
· No VAT.
· Offers in excess of £1,160,000 (One Million One Hundred and Sixty Thousand Pounds), subject to contract, for our client’s freehold interest. A purchase at this level reflects a net initial yield of 7.7% after purchaser’s costs of 5.89%.
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