To Let
21 East Street,
Chichester,
West Sussex,
PO19 1HP
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Retail, Food and Beverage
2,630 of 5,399 Sq Ft (244.33 of 501.57 Sq M)
- Chichester is an attractive and historic cathedral city
- East Street is one of the city's prime pedestrianised retail thoroughfares
- Mainly open plan retail space
- Overall size 5,399 sq ft
- Rear yard with parking for 6 vehicles
- New FRI lease
- Rent £150,000 pax
- Nearby occupiers include Mountain Warehouse, The Ivy, Joules, HSBC, Franca Manco, Fat Face, M&S and Superdrug
- Virtual Tour - https://my.matterport.com/show/?m=dNCURpzA6zf
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 fully pedestrianised and close to the Market Cross. Nearby occupiers include Mountain Warehouse, The Ivy, Joules, HSBC, Franca Manco, Fat Face, M&S and Superdrug.
Description
The property comprises an attractive end-of-terrace period building arranged over three storeys with a basement. It is Grade II Listed and located within the Central Conservation Area of Chichester.
Internally, the accommodation is currently arranged as a former banking hall with offices and meeting rooms at ground floor level, with additional cellular accommodation on the upper floors and storage and vault facilities in the basement.
Externally, the building benefits from traditional brick elevations with slate pitched roofs and character architectural features. To the rear is a secure enclosed yard providing parking for approximately six vehicles, with access from Little London Car Park.
Accommodation
The accommodation has the following approximate Net Internal Area (NIA):
| Description | Sq Ft | Sq M | Status |
|---|---|---|---|
| Sales Area | 2630 | 244.33 | To Let |
| Basement | 555 | 51.56 | To Let |
| First Floor | 1047 | 97.27 | To Let |
| Second Floor | 1167 | 108.41 | To Let |
| Total | 5,399 | 501.57 |
Energy Performance Rating
We understand the property has an EPC rating of D (expiry date - 12/03/2034).
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.
Taxation
Rateable Value (2026): £98,000
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 £150,000 per annum exclusive.
VAT
We understand that the property is not elected for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Anti-Money Laundering Regulations 2017
In accordance with current Government legislation, we are legally required to conduct Anti-Money Laundering (AML) checks on all prospective purchasers or tenants where the transaction involves a capital value of €15,000 (EUR) or more, or a rental value of €10,000 (EUR) per calendar month or greater.
This process includes verifying identity, as well as confirming the source and availability of funds. Please note that we must obtain and record this information before any transaction can be formalised or contracts exchanged.
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.