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UNDER OFFER

66 South Street,
Chichester,
West Sussex,
PO19 1EE

Retail and Leisure

868 Sq Ft (80.64 Sq M)

Features

  • Well presented retail unit
  • Located in prime retailing pitch
  • Assignment of existing EFRI lease due to expire 28 September 2025
  • Tenant break option 28 September 2020
  • Passing rent £42,500 pax
  • No VAT payable
  • Nearby occupiers include Moss Bros, Sea Salt, Blacks, Solutions Inc and Timothy Roe

Location

The Cathedral City of Chichester is located approximately 65 miles south west of London 15 miles east of Portsmouth and 30 miles west of Brighton.

Description

Prime Retail Unit
Sales Area 73.11 sq m (787 sq ft)

Accommodation

Description
The premises is arranged over the ground floor, plus basement of a Grade II Listed building. Internally, the accommodation provides an open plan sales area with a kitchenette, office and WC facilities behind.

Nearby occupiers include Moss Bros, Sea Salt, Blacks, Solutions Inc and Timothy Roe.


Accommodation
We have measured and calculate the accommodation to have the following approximate net internal floor area:

Sales Area 73.11 sq m (787 sq ft)
Kitchen 8.08 sq m (87 sq ft)
Basement 33.91 sq m (365 sq ft)
Total Size (115.10 sq m (1,239 sq ft)

Gross Frontage of 4.52m
Net Frontage of 3.82m

Planning

We understand that the premises benefit from A1 use within the Use Classes Order 1987 (as amended).

VAT

The property is not registered for VAT

Legal Fees

The assignee will be responsible for the assignor's and landlord's legal fees.

Terms

The property is available by way of an assignment of the existing (effectively) full repairing and insuring lease, subject to a phonographic schedule of condition. The lease is due to expire on 28 September 2025. The tenant has the right to renew the lease.

The passing rent is £42,500 per annum exclusive. There is a tenant break option and open market (upward only) rent review dated 29 September 2020. The landlord holds a rent deposit of three months which will need to be replaced. A copy of the lease can be made available upon request.

Rateable Value

The property is not registered for VAT

Energy Performance Rating

The assignee will be responsible for the assignor's and landlord's legal fees.

Viewing

For further information or to arrange a viewing please contact Flude Commercial on 01243 819000 or via email to chichester@flude.com

Key Contacts

Contact Photo

Mary Jackson

01243 929140