Under Offer
41-42 Southgate,
Chichester,
West Sussex,
PO19
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Investment, Development, Leisure (Class D1, D2 and Other), Offices
3,644 Sq Ft (338.53 Sq M)
- Located in busy and attractive Cathedral city
- Central location close to bus/train stations and car parks
- Attractive and prominent building arranged over four floors
- Central heating and air conditioning
- Four lettable parts totaling 3,644 sq ft
- Total gross passing rent £51,550 pax
- Price on application
- Of interest to investors, developers and owner occupiers
- There are various asset management opportunities
- This could make a good residential conversion stp with resi values are north of £450 psf CV
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 subject property is situated in Chichester city centre, on the eastern side of Southgate, close to its junction with South Street.
Description
WELL PRESENTED CITY CENTRE OFFICE/E CLASS INVESTMENT
Energy Performance Rating
Lower Ground Floor
D (93) - 06.04.2033
Ground Floor
D (81) - 06.04.2033
First Floor
D (88) - 06.04.2033
Second Floor
D (94) - 06.04.2033
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. In terms of planning we have assumed 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.
Taxation
Lower Ground Floor
Rateable Value (2023): £5,300
Ground Floor
Rateable Value (2023): £13,500
First Floor
Rateable Value (2023): £11,250
Second Floor
Rateable Value (2023): £16,250
Terms
We have been instructed to market the freehold interest of the property subject to the tenancies. Price on application.
VAT
We understand that the property is elected for VAT and therefore it is assumed that the sale will be treated by way of a Transfer of A Going Concern (TOGC).
Legal Fees
Each party to bear their own legal costs incurred.
Flude Property Consultants for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Property Consultants has any authority to make or give any representation or warranty whatsoever in relation to this property.
Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.
We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and any reliefs.