To Let
30 South Street,
Chichester,
West Sussex,
PO19 1EL
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Retail and Leisure
1,131 Sq Ft (105.07 Sq M)
- Central position close to public car parks, bus and rail stations
- Chichester is an affluent and thriving retail centre
- High footfall and vehicular location
- Open plan sales area, previously used as a restaurant
- New FRI lease available
- Rent £40,000 pax
- Premises License
- Nearby occupiers include Wagamama, Cote Brasserie, Prezzo, Sweaty Betty, Pizza Express and Tesco Express
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 property is situated on the western side of South Street, which is a prominent shopping destination within Chichester City Centre. South Street accommodates a number of national retailers including, Mistral, White Stuff, Sweaty Betty, Jojo Mama Bebe and Tesco Express. There are also a number of upmarket eateries including Wagamama, Cote Brasserie, Prezzo and Subway.
Description
Ground Floor Class E Premises
Total Sales 105.04 sq m (1,131 sq ft)
Accommodation
The property comprises a self-contained ground floor, fully fitted restaurant, which forms part of a Grade II Listed building. Internally, seating is at the front as you walk in, with a bar and kitchen area at the back and W/C. Bins are stored in enclosed storage within the store. The unit also benefits from a roller shutter.
We have measured and calculate the premises to have a Net Internal Area (NIA) of 105.04 sq m (1,131 sq ft).
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.
The premises benefit from a premises licence Monday to Sunday 1200-2300 for the serving of alcohol. Opening hours permitted are 0800-2300.
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 (effectively) full repairing and insuring lease for a term to be agreed at a commencing rent of £40,000 per annum exclusive.
Rateable Value / Council Tax Band
Rateable Value (2023): £40,750.
Following the Government's latest budget, it has been confirmed that there will be a 75% discount until 31st March 2025.
Subject to annual cash cap of £110,000 per business and qualifying use. 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 B(29).