Petersfield - 21, 23 & 25 High Street

A Prime Rebased South East Supermarket Investment with Development Potential

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 plc.
Marks and Spencer have recently renewed their lease for a term of 3 years.
2.4 years unexpired.
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.

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Tenure:

Freehold

Yield:

7.71% %

Price:

£1,500,000

Contact:

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