To Let
88 East Street,
Chichester,
West Sussex,
PO19
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Retail and Leisure
1,101 - 2,132 Sq Ft (102.28 - 198.06 Sq M)
- Chichester is a busy and attractive Cathedral city
- Central position opposite the Market Cross
- Prominent frontage (6.21m Net)
- Desirable retailing area
- Rent £85,000 pax
- New FRI lease available, subject to vacant possession
- Nearby occupiers include Mountain Warehouse, The Ivy, Poundland, HSBC, Franca Manco, Fat Face, M&S and Superdrug
Location
The cathedral city of Chichester is a prosperous and historic market town located in West Sussex, approximately 68 miles south-west of London, 17 miles east of Portsmouth and 34 miles west of Brighton. It is the only city in West Sussex and is the County Town.
The property is situated in a central position on the southern side of East Street, which is full pedestrianised and close to the Market Cross. Nearby occupiers include Mountain Warehouse, The Ivy, Poundland, HSBC, Franca Manco, Fat Face, M&S and Superdrug
Description
Well Presented Prime Retail Premises
Sales Area - 1,101 sq ft
Accommodation
The property comprises a mid terrace period building arranged over three floors and is configured as a lock-up shop. It is generally arranged as sales area to the ground floor, with ancillary and staff areas above.
The property has the following approximate Net Internal Area (NIA):
Area sq m sq ft
Sales Area 102.32 1,101
Storage 22.27 240
First Floor 40.87 440
Second Floor 32.64 351
Total NIA 198.10 2,132
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.
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, subject to vacant possession, for a term to be agreed at the rent of £85,000 per annum exclusive.
Rateable Value / Council Tax Band
Rateable Value (2023): £60,500.
Following the Government's latest budget, it has been confirmed that Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied retail, hospitality and leisure properties with a 75% relief, up to a cash cap limit of £110,000 per business for applicable chargeable days from 1 April 2023 to 31 March 2025.
Interested parties should make their own enquiries to satisfy themselves of their business rates liability.
Energy Performance Rating
We understand the property has an EPC rating of E (107).