One of the most recognisable buildings in Petersfield is to be sold in auction.

The landmark Donkey Cart at The Square, the former farmhouse dating back to 1534 when Henry VIII ruled, is among 142 lots listed by Clive Emson Auctioneers, regional land and property auctioneers covering southern England.

Let at £107,500 a year, with one vacant residential flat, the freehold property is guided at £900-950,000; tenants are unaffected.

Rob Marchant, the Hampshire auctioneer for Clive Emson Auctioneers, said: “We anticipate a lot of keen interest, given that, at the upper end of the guide price and based on the current income, the gross yield is an inflation-beating 11.3 per cent.

“The Donkey Cart comprises four commercial parts which are all let under the terms of commercial leases, with two of the commercial tenants being particularly long standing and in occupation for around 20 years to date. The second floor is at present configured as two residential flats, one of which is let while the larger flat unit is the only component part of the building at present vacant.

"It is considered that the Donkey Cart would make a splendid addition to an income-producing portfolio.”

On site is a café, cosmetics shop and two restaurants, along with two flats.

The auction ends on Wednesday, February 8; bidding opens 48 hours beforehand.

For information visit the website at https://www.cliveemson.co.uk/