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AGENT'S DETAILS


40 East Street, Chichester, PO19 1HX

For sale: £500,000.00|To rent: £40,000.00 Per Annum|562 - 1803 Sq Ft|Retail - High Street, Other, Land, Retail, Other Property Types & Opportunities, Commercial Land

PROPERTY DETAILS

FOR SALE£500,000.00
TO RENT£40,000.00 Per Annum
SIZE562 - 1803 Sq Ft
ADDRESS40 East Street, Chichester, PO19 1HX
TYPERetail - High Street, Other, Land, Retail, Other Property Types & Opportunities, Commercial Land
TENUREDevelopment Opportunity, Investment Opportunity, To Let, For Sale Freehold
POSTED ON17th August 2020

DESCRIPTION

Description

Prime City Centre Retail Unit
Sales Area 107 sq m (1,162 sq ft)

Location

Chichester is an attractive cathedral city, and the county town of West Sussex.

The property is situated in one of the principle retailing streets of central Chichester on the northern side of East Street. Nearby occupiers include TK Maxx, Next, Ask
Italian and Cafe Nero.

Planning

We understand that the premises benefits from Class A1 use under the Town and Country Planning (Use Classes) Order 1987, as amended.

Other uses would be considered, subject to terms and planning.

VAT

The property is registered for VAT.

Accommodation

The property comprises an attractive mid-terraced Grade II Listed building arranged over three floors. Internally, we understand the ground floor provides an open plan retail area.

We have measured and calculate the accommodation to have the following approximate Net Internal Area (NIA) of 190 sq m (2,055 sq ft).

Business Rates / Council Tax Band

Rateable Value (2017): £53,000.

Following the Government's recent Budget, occupiers of retail and amp; 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 (d.green@flude.com).

EPC

We understand the property has an EPC rating of D(83).

Legal Fees

Each party to bear their own legal costs incurred.

Terms

The property is available to let by way of a new full repairing and insuring lease for a term to be agreed at a rent of £40,000 per annum exclusive.

Alternatively, consideration would be given to selling the freehold. Offers in excess of £500,000, subject to contract.
( Agency Pilot Software Ref: 3531 )

LOCATION

Location: 40 East Street, Chichester, PO19 1HX

Chichester (0.4 miles)

Fishbourne (Sussex) (1.7 miles)

Bosham (3.2 miles)

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