ADDRESSMagnus Court, St Martins Street, Chichester, PO19 1AF
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON21st December 2019
Head Long Leasehold Ground Rent Investment (Expiry 2129) at Peppercorn Rent
The Cathedral City of Chichester is a historic and thriving administrative 65 miles south west of London, 15 miles east of Portsmouth and 30 miles west of Brighton.
The premises are situated in a recent development behind Marks and Spencer, between St Martins Street and Little London car park. St Martins Street leads from the main pedestrianised shopping area of East Street and is linked by a pedestrian route leading from North Street.
We understand that the premises benefit from Class A1/ A2/ A3/ A4/ A5 / B1(a) Office / B1(c) Light Industrial / B8 Storage and Distribution use within the Use Classes Order 1987 (as amended).
The property is VAT exempt.
Business Rates / Council Tax Band
Flat 1 2 3 4 5 6 Band C B C C B C
We understand the property has an EPC rating of C.
Each party to bear their own legal costs incurred.
We have been instructed to market the head long leasehold interest, which has a term of 125 years from 1 January 2005, subject to the existing sub long leasehold interests, as set out in the Tenancy and Accommodation Schedule. ( Agency Pilot Software Ref: 3397 )