Ground Floor Retail Unit
Total Sales 105.04 sq m (1,131 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.
There are currently no managed shopping centres in Chichester and in light of the historic nature of the retail core there is limited scope for future development.
The property is situated on the western side of South Street, which is a prominent shopping destination within Chichester City Centre. South Street accommodates a number of national retailers including, Mistral, White Stuff, Sweaty Betty, Cath Kidson, Jojo Mama Bebe and Tesco Express. There are also a number of upmarket eateries including Wagamama, Cote Brasserie, Prezzo and Wahaca.
We understand that the premises benefit from Class A1 use within the Use Classes Order 1987 (as amended).
Rents and prices are quoted exclusive of, but may be subject to VAT.
The property comprises a self-contained, ground floor retail unit which forms part of a Grade II Listed building.
We have measured and calculate the premises to have a Net Internal Area (NIA) of 105.04 sq m (1,131 sq ft).
Business Rates / Council Tax Band
Rateable Value (2017): £60,000
Following the Government's recent Budget, occupiers of retail and leisure properties are eligible to receive a discount of 100% from their 2020/2021 rates bill, which may be subject to EU State Aid Limits. Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (firstname.lastname@example.org).
We understand the property has an EPC rating of C(58).
Each party to bear their own legal costs incurred.
The property is available to let by way of a new (effectively) full repairing and insuring lease for a term to be agreed at a commencing rent of £46,500 per annum exclusive.
( Agency Pilot Software Ref: 3381 )