5 The Sq - Bank FOR SALE


Petersfield, HAM GU32 3HL
$1,000,000 USD
5 The Sq, Petersfield, HAM for Sale
$1,000,000 USD
Bank - FOR SALE
1/4
null | 8.94% Cap Rate

5 The Sq
Petersfield, HAM GU32 3HL


OVERVIEW

The property comprises a part three, part two storey 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 area accessed via Park Road and Central car park. The property is let to Lloyds Bank Plc on a lease expiring 23 June 2026 at a current 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. 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%

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

8.94%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1860

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,956 SF

ZONING

-

APN/PARCEL ID

HP517363,SH50034

ASK ABOUT THIS PROPERTY

Ken MorganRapleys LLPMore Info

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Ken MorganRapleys LLPMore Info

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