Lavant Street, Petersfield, Hampshire, GU32

**SUBSTANTIAL TOWN CENTRE FREEHOLD DEVELOPMENT OPPORTUNITY – OFFERS IN EXCESS OF £575,000**

An exciting opportunity to acquire a substantial mixed-use freehold property occupying a prominent position in the heart of Petersfield town centre. Extending to approximately 3,853 sq ft (358 sq m) GIA, the property comprises two ground floor retail units with first floor residential accommodation and is offered with vacant possession. The building presents significant scope for refurbishment, reconfiguration and residential conversion (STP), providing an attractive opportunity for developers, investors and owner-occupiers to unlock further value. Offered at a low capital value of approximately £149 per sq ft, within this highly sought-after Hampshire market town.

A substantial mixed-use freehold property situated close to the heart of Petersfield town centre, to be sold with vacant possession and offering an opportunity to redevelop the building to generate both rental income and enhanced capital value through future asset management.

The existing property provides for two retail units fronting Lavant Street and first-floor residential accommodation requiring full refurbishment to create a 2-bedroom apartment. Drawings have been prepared illustrating the potential to create further residential dwellings within the building (see page 4).

Planning permission has not yet been sought for the proposed residential conversions and interested parties will need to satisfy themselves as to the planning potential. Nevertheless, the property presents an excellent opportunity for investors and developers to unlock further value through refurbishment, reconfiguration and active asset management.

The combination of vacant accommodation and future development potential creates a rare opportunity to acquire a prominent town centre freehold with the potential to generate rental income alongside longer-term capital growth.

SITUATION
The property occupies a prominent position on Lavant Street, one of Petersfield's principal commercial thoroughfares, within the heart of the town centre. The location benefits from excellent levels of pedestrian footfall and is surrounded by an established mix of independent retailers, cafés, restaurants, professional services and national occupiers, creating a vibrant trading environment, along with a significant residential population.

Petersfield is widely regarded as one of Hampshire's most desirable and affluent market towns, lying within the South Downs National Park and offering an exceptional quality of life. The town enjoys a prosperous local demographic, a thriving independent retail and hospitality sector, and excellent transport connections, including direct rail services to London Waterloo in approximately one hour, together with convenient access to the A3 linking Portsmouth, Guildford and the M25. The combination of a strong local economy, attractive historic town centre and excellent connectivity continues to underpin robust occupier demand and long-term investor appeal.

TENURE
The freehold interest is offered for sale at Offers in Excess of £575,000, calculating to a low capital value of £149 per square foot and with vacant possession.

ACCOMMODATION
We have identified an approximate GIA of 3,853 sq ft / 358 sq m.

EPC RATING
A new energy performance certificate will need to be commissioned.

RATEABLE VALUE Online enquiry via indicates a rateable value of £16,750 effective from 1st April 2026.

LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in this transaction.

We have not been advised if the building has been elected for VAT purposes.

VIEWINGS
For all enquiries and to arrange a viewing please contact the sole agents Trinity Rose Commercial on .