Under Offer
13 North Street,
Chichester,
West Sussex,
PO19
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Retail, Food and Beverage
1,255 - 2,478 Sq Ft (116.59 - 230.21 Sq M)
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 North Street, which is fully pedestrianised. Nearby occupiers include, Boots, Robert Dyas, The White Company and M&S.
Description
Prime Retail Unit with Uppers
Sales Area - 1,255 sq ft
Accommodation
The property comprises of a Grade II Listed terrace building arranged over the ground floor with three upper floors suitable for office and storage use.
The property has the following approximate NIA:
Description
Sales Area - 1,255 sq ft
First Floor - 422 sq ft
Second Floor - 463sq ft
Attic - 338 sq ft
Total NIA - 2,478 sq ft
Energy Performance Rating
We understand the property has an EPC rating of C (65).
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.
Taxation
Rateable Value (2023): £42,750
Following the Government's latest budget, it has been confirmed that Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied retail, hospitality and leisure properties with a 75% relief, up to a cash cap limit of £110,000 per business for applicable chargeable days from 1 April 2023 to 31 March 2025.
Interested parties should make their own enquiries to satisfy themselves of their business rates liability.
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 £60,000 per annum exclusive, subject to vacant possession.
VAT
We understand that the property is 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.