3 Storey Shop, plus Basement
Total Size 137.03 sq m (1,475 sq ft)
Chichester is an attractive cathedral city, and the county town of West Sussex. It is conveniently located along the A27 south coast trunk road, and lies approximately 15 miles to the east of Portsmouth and 30 miles west of Brighton. A mainline railway service to London reinforces commerce.
The retail on offer in Chichester is concentrated within the city walls and is focused along two main shopping axes namely North Street/South Street and East Street/West Street; these intersect at the Market Cross.
The city contains many national multiple retailers including; Marks and Spencer, Fat Face, Topshop / Topman, H and M, TK Maxx and River Island. This is accompanied by restaurant occupiers such as Cote, Wildwood, ASK, Brasserie Blanc and Wagamamas.
We understand that the premises benefit from Class A1 use within the Use Classes Order 1987 (as amended).
It is situated in a conservation area and is Grade II Listed.
We understand that the property is not elected for VAT.
This attractive Grade II Listed four storey building sits comfortably in its surroundings facing both the Cathedral and The Cross within the pedestrian core of the city.
We have measured and calculate the accommodation to have the following approximate Net Internal Area (NIA):
Ground floor 340 sq ft
Basement 300 sq ft
First Floor 340 sq ft
Second Floor 215 sq ft
Third Floor 280 sq ft
Total 1,475 sq ft
Business Rates / Council Tax Band
Rateable Value (2017): £43,250.
Following the Government's 2018 Autumn Budget, from April 2019 for the remaining 2 years of the current Rating List, all occupiers of retail units with a Rateable Value below £51,000 (including £50,500 but excluding £51,000), will receive a discount of 1/3 from their rates bill, subject to State Aid Limits (�200,000).
As the building is listed, the freeholder is exempt from paying business rates when the property is unoccupied.
Should you require further information on Business Rates or your eligibility for rate relief, please contact our in house rating surveyor Daniel Green (email@example.com).
We understand the property has an EPC rating of C62.
Each party to bear their own legal costs incurred.
We have been instructed to market the freehold property with vacant possession. Price on application.
( Agency Pilot Software Ref: 3304 )