To Let
22 South Street,
Chichester,
West Sussex
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Retail and Leisure
486 - 781 Sq Ft (45.15 - 72.55 Sq M)
- Central position close to public car parks, bus and rail stations
- Chichester is an affluent and thriving retail centre
- Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses
- Storage 27.42 sq m (233 sq ft)
- New FRI lease available
- Rent £19,950 pax
- No VAT
- Nearby occupiers include Mistral, White Stuff, Harris & Hoole Coffee Shop, Sweaty Betty and Jo Jo Maman Bebe
Location
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 western side of South Street, which is a prominent shopping destination within Chichester City Centre. South Street accommodates a number of national retailers including, Mistral, White Stuff, Sweaty Betty, Jojo Mama Bebe and Tesco Express. There are also a number of upmarket eateries including Wagamama, Cote Brasserie and Prezzo.
Description
City Centre Retail Unit
Sales Area 45.13 sq m (486 sq ft)
Accommodation
The property comprises a Grade II Listed building arranged as a self-contained Class E premises over ground and first floors. The ground floor provides open plan retail space. The first floor provides storage and a WC. There also some attic space.
We have measured and calculate the accommodation to have the following NIA:
Sales Area - 45.13 sq m (486 sq ft)
First Floor - 21.63 sq m (233 sq ft)
Attic - 5.79 sq m (62 sq ft)
Total - 72.56 sq m (781 sq ft)
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 that the property is not elected for VAT.
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 commencing rent of £19,950 per annum exclusive.
Rateable Value / Council Tax Band
Current Rateable Value (2017): £30,000
Future Rateable Value (2023) £20,250
Currently, all occupied retail, hospitality & leisure properties receive a discount of 50% on rates payable until 31st March 2023. Following the Government's latest budget, it has been confirmed that there will be a 75% discount from 1st April 2023 until 31st March 2024.
Subject to annual cash cap of £110,000 per business and qualifying use. Interested parties should make their own enquiries to satisfy themselves of their business rates liability.
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (d.green@flude.com).
Energy Performance Rating
We understand the property has an EPC rating of C (57).