To Let
27 East Street,
Chichester,
West Sussex,
PO19 1HS
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Retail, Food and Beverage
487 - 1,489 of 1,500 Sq Ft (45.24 - 138.33 of 139.35 Sq M)
- Chichester is an attractive Cathedral city
- Prominent situation on strong pedestrian thoroughfare
- East Street is busy and commercially diverse
- Upper floors 734 sq ft
- Open plan retail unit
- Rent: £36,000 pax
- New FRI lease available
- Occupiers on East Street include Marks & Spencer, EE, Specsavers, Mint Velvet, Barclays, TSB, Costa Coffee, Three and Oliver Bonas
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.
East Street serves as one of the city centre's principal thoroughfares and is characterised by national and independent retailers.
Description
The premises comprise of a self-contained retail unit arranged over three floors. Internally, the ground floor provides an open plan sales area, with office and ancillary storage accommodation on the upper floors. The unit also benefits from a small basement.
Accommodation
The accommodation has the following approximate Net Internal Area (NIA):
| Description | Sq Ft | Sq M |
|---|---|---|
| Ground | 487 | 45.24 |
| First | 424 | 39.39 |
| Second | 310 | 28.8 |
| Basement | 268 | 24.9 |
| Total | 1,489 | 138.33 |
Energy Performance Rating
Commissioned.
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 (2023): £21,500
Future Rateable Value (1st April 2026): £20,000
Following the Government's latest budget, all occupied retail, hospitality & leisure properties receive a 40% discount from 1st April 2025 until 31st March 2026. Subject to annual cash cap of £110,000 per business and qualifying use.
VAT
We understand that the property is not elected for VAT.
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.