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High street retail property for sale

5 The Square, Petersfield, GU32 3HL

Offers in Region of
£750,000

£116.33 per sq ft

Business rates & charges may apply

Holloway Iliffe & Mitchell, Portsmouth
SIZE AVAILABLE

6,447 sq ft

599 sq m

SECTOR

High street retail property for sale

Key features

  • Period Property in Central Petersfield Location
  • Substantial Ground Floor Area
  • Upper Parts with Separate Access
  • Rear Car Park / Yard
  • Former Bank Premises

Description

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 also benefits from a small rear car parking area accessed via Park Road and Central Car Park.

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 road communications with 3 junctions on the A3 providing access to the M25 (34 miles) to the north and Portsmouth and the M27 (18 miles) to the south. The town is served by a direct rail link to London in 1 hour 5 mins, which also serves Portsmouth and other south coast locations. Southampton Airport is just 27 miles to the southwest.

The property is situated on the northern side of The Square at the western end of the High Street, forming part of the main retailing offering of Petersfield. Nearby occupiers include Specsavers, HSBC, Nationwide Building Society, Crew Clothing, Fat Face and Cafe Nero. The Square is home to Petersfield Market which operates every Wednesday and Saturday with a variety of stalls located opposite the property. A number of car parks are located close to the property, including the 320 space Central Car Park which is a 3 min walk away.

The freehold is available at offers in the region of £750,000 with vacant possession.

A new FRI lease of the whole property is available for a term to be agreed at a guide rent of £85,000 pa

Rateable Value £63,750 pa (Rateable Value from 1st April 2026 - £66,000 pa)
You are advised to make your own enquiries in this regard.

Each party to be responsible for their own legal costs.
VAT is not applicable.

Brochures

5 The Square, Petersfield, GU32 3HL

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Petersfield Station0.2 miles
  • Liss Station3.4 miles

About Holloway Iliffe & Mitchell, Portsmouth

10 Acorn Business Centre, Northarbour Road, Cosham, Portsmouth, PO6 3TH

Notes

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Disclaimer - Property reference 348412-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Holloway Iliffe & Mitchell, Portsmouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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