Large Retail Unit
Sales Area 156 sq m (1,689 sq ft)
The property is situated on the western side of Tangmere Road, about three miles to the east of Chichester city centre. This position is generally residential in character, and is a busy location in terms of passing vehicular traffic.
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 property comprises a link-detached single-storey former convenience store, with ancillary areas and a WC.
Externally, there is a lock-up garage, split-level rear yard/garden and off-road car parking for up to four medium-sized vehicles (2 ransom).
We have measured and calculate the accommodation to have the following approximate Net Internal Area (NIA):
Sales Area 156 sq m 1,689 sq ft
Ancillary 6 sq m 69 sq ft
Garage 13 sq m 149 sq ft
Total 177 sq m 1,907 sq ft
Business Rates / Council Tax Band
Rateable Value (2017): £20,250.
Following the Government's Autumn Budget, from April 2020, all occupiers of retail units with a Rateable Value below £51,000 (including £50,500 but excluding £51,000), will receive a discount of 50% from their rates bill, subject to State Aid Limits (�200,000).
We understand the property has an EPC rating of C (71).
Each party to bear their own legal costs incurred.
The property is available to let by way of a new full repairing and insuring lease for a term to be agreed at a commencing rent of £19,500 per annum exclusive.
( Agency Pilot Software Ref: 3512 )