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Agent's details

71-72 North Street, Chichester, West Sussex, PO19 1LP

For sale: £695,000.00|1,119 - 1,854 Sq Ft|Retail - High Street, Retail

Property details

FOR SALE£695,000.00
SIZE1,119 - 1,854 Sq Ft
ADDRESS71-72 North Street, Chichester, West Sussex, PO19 1LP
TYPERetail - High Street, Retail
TENUREFor Sale Freehold
POSTED ON2nd October 2021

Description

Description

Prime Freehold Retail Unit with Uppers
Sales Area 103.98 sq m (1,119 sq ft)

Location

The Cathedral City of Chichester is a historic and thriving administrative centre for West Sussex. The city is located approximately 65 miles south west
of London, 15 miles east of Portsmouth and 30 miles west of Brighton.

The property is situated on the eastern side of North Street, which is fully pedestrianised. Nearby occupiers include Cafe Nero, L'Occitane, Greggs, The White Company and M and S.

Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.

Interested parties should make their own planning enquiries and satisfy themselves in this regard.

VAT

We understand the property is registered for VAT.

Accommodation

The property comprises a Grade II Listed three storey end of terrace building, offering ground floor retail accommodation with ancillary storage and office space on the first and second floors.

The property has the following approximate NIA:

Area - Sq M (Sq Ft)
Ground Floor Sales - 104 sq m (1,119 sq ft)
First Floor - 55 sq m (590 sq ft)
Second Floor - 12 sq m (128 sq ft)
Total - 171 sq m (1,837 sq ft)

Business Rates / Council Tax Band

Ratable Value: £78,500 (2017).

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 C (66).

Legal Fees

Each party to bear their own legal costs incurred.

Terms

The freehold interest is available with or without vacant posession, subject to a flexible tenancy agreement with the current occupier paying £30,000 per annum. Offers in the region of £695,000, subject to contract.
( Agency Pilot Software Ref: 3938 )

Location

marker
Location: 71-72 North Street, Chichester, West Sussex, PO19 1LP

Chichester (0.4 miles)

Fishbourne (Sussex) (1.6 miles)

Bosham (3.1 miles)

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