Substantial Retail Premises - To Let
The Cathedral City of Chichester is located approximately 65 miles south west of London, 15 miles east of Portsmouth and 30 miles west of Brighton. The city has excellent road communications, being situated on the A27 dual-carriageway which runs east to Worthing and Brighton and west to Portsmouth and Southampton where it connects with A3(M), M27 and M3 motorways. Gatwick Airport is located approximately 50 miles to the north east. By rail, there are frequent services to London Victoria (1 hour 30 minutes). As a result, Chichester is a popular commuter location for those working in London's City and West End.
The property is situated on the southern side of The Hornet, close to Chichester city centre and comprises a rectangular building with large wide frontage. Other nearby occupiers include Hargroves Cycles, Majestic Wine and Whitmore James Home Furnishing. Internally, the building is configured as a large open planned retail shop over the ground floor. Externally, the property benefits from a forecourt with off street parking for five cars. There is also some on street parking adjacent.
The property is available to let by way of a new (effective) full repairing and insuring lease for a term to be agreed at a commencing rental of £75,000 per annum exclusive. There is no running service charge currently and the building insurance premium is approximately £1,900 per annum.
We understand that the premises benefits from an A1 use within the Use Classes Order 1987 (as amended). The property would lend itself to alternative uses, subject to terms.