Petersfield M&S_Property for Sale
Petersfield M&S_Property for Sale
21, 23 & 25 High Street, Petersfield, Hampshire, GU323JT, UK

Petersfield M&S

Asset description

A prime re-based south-east supermarket with development potential

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Attributes

Asking price
€1,784,000
Building area gross
1,035 sm
Occupancy
100%
Year built
1900
Units
1
Cap rate
7.81%
NOI
€149,000

Media

Investment highlights

¦ Affluent and historic Hampshire commuter town located within an area of outstanding natural beauty.

¦ 33.1% of the population are classified as “symbols of success” by Experian as compared to the GB average of 9.7%.

¦ Let to the undoubted covenant of Marks & Spencer P.L.C.

¦ Marks and Spencer have recently renewed their lease for a term of 3 years.

¦ 11,139 sq ft (GIA) foodstore located in a prominent high street position. The property includes a demised car park directly to the rear offering future development opportunities.

¦ Potential to add further massing on the site, subject to planning.

¦ Low passing rent of £125,000 per annum (c.£11.22 per sq ft), reduced from the previous rent of £163,000 per annum.

¦ Freehold tenure.

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Petersfield M&S (0 Properties)

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Last updated
May 16, 2024