Attractive Retail Unit
NIA 88.62 sq m (954 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 property is situated on the eastern side of North Street, which is one of the principal retailing streets in the city centre.
Nearby occupiers include Lakeland, British Heart Foundation, Rohan, Hamptons Estate Agents and British Red Cross.
We understand that the premises benefit from Class A1 use within the Use Classes Order 1987 (as amended).
We understand that the property is not elected for VAT.
The accommodation comprises a self-contained ground floor retail unit. Internally, the accommodation provides open plan sales area with a kitchenette and WC. Externally, there is rear loading and two parking spaces.
We have measured and calculate the accommodation to have approximate Net Internal Area (NIA) of 88.62 sq m (954 sq ft).
Internal sales width 5.30 m
Internal sales depth 16.50 m
Gross frontage 5.58 m
Net frontage 4.91 m
Business Rates / Council Tax Band
Rateable Value (2017): £41,000.
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).
We understand the property has an EPC rating of D(95).
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 £40,000 per annum exclusive.
( Agency Pilot Software Ref: 3468 )