1 Exchange Buildings, The Square, Petersfield, Hampshire, GU32

Description

Prominent Retail Unit
Sales Area - 679 sq ft

Location

Petersfield is an attractive market town strategically located on the A3 London to Portsmouth trunk road approximately 18 miles to the north of Portsmouth and 25 miles to the south of Guildford. Road communications are excellent and in addition Petersfield benefits from a fast frequent train service to London Waterloo and to Portsmouth and the South Coast.

The property occupies a prominent corner position in Petersfield town centre. It is situated on the eastern side of The Square, with a return frontage along High Street. This position is directly opposite the entrance to Rams Walk, which is a pedestrianised thoroughfare providing
access between the town centre and the main public car park.

Nearby occupiers include Waitrose, Cafe Nero, Gails Bakery, Mint Velvet, Boots, Fat Face and The Edinburgh Woollen Mill.


Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.

Interested parties should make their own planning enquiries and satisfy themselves in this regard.

VAT

We understand that the property is not elected for VAT.

Accommodation

The property comprises an attractive end-of-terrace building, arranged over two storeys, plus basement.

Internally, the premises provide open plan sales area on the ground floor, with staff and office accommodation on the first floor, including separate male and female WC's.

The accommodation has the following approximate Net Internal Area (NIA):

Area
Salea Area - 679 sq ft
First Floor Office - 589 sq ft
Total - 1,268 sq ft
Basement - 677 sq ft



Business Rates / Council Tax Band

Rateable Value (2023): £27,500

Interested parties should make their own enquiries to satisfy themselves of their business rates liability.

EPC

We understand the property has an EPC rating of C (56).

Legal Fees

Each party to bear their own legal costs incurred.

Terms

The property is available to let by way of a new full repairing and insuring lease for a term to be agreed at a commencing rent of £36,500 per annum exclusive.