Land for sale

Lavant Street, Petersfield, Hampshire GU32

Rare Petersfield town centre freehold investment producing £25,000 p.a. With substantial asset management and development potential. Existing income, vacant retail unit and residential conversion opportunities (STP).

An attractive mixed-use freehold investment situated close to the heart of Petersfield town centre, producing an established rental income of £25,000 per annum from a long-standing commercial occupier, whilst offering significant opportunities to enhance both income and capital value through future asset management.

The property currently comprises an income-producing ground floor commercial unit together with a further vacant retail unit fronting Lavant Street and upper floor accommodation requiring comprehensive refurbishment. Existing outline scheme drawings have been prepared illustrating the potential to create a self-contained two-bedroom apartment at first floor level (subject to the creation of an independent access), together with the conversion of a rear section of the building to provide two one-bedroom apartments. In addition, the existing vacant retail unit is considered capable of generating an estimated rental income in the order of £8,000 per annum, subject to securing a suitable occupier.

Planning permission has not yet been sought for the proposed residential conversions and interested parties should 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, in addition to the established income already being received from the existing commercial tenancy.

The combination of secure income, vacant accommodation and future development potential creates a rare opportunity to acquire a prominent town centre freehold capable of delivering both immediate returns and 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.

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, subject to contract.
EPC rating

A new energy performance certificate will 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.

It is to be established if the property has been elected for VAT purposes. If it has, it is proposed to dispose of the asset by way of a togc.
Viewings

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