67 South Street,
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Retail and Leisure
921 Sq Ft (85.56 Sq M)
- Chichester is an affluent Cathedral City
- Close to public car parks, bus and rail stations
- Well located within busy shopping area
- Open plan retail space with a WC and kitchenette
- New FRI lease available
- Rent of £29,500 pax
- Nearby occupiers include Russell & Bromley, Blacks, HSBC, Vision Express & Cote
The property is located in the heart of Chichester city centre, occupying a highly prominent position on South Street just down from the Market Cross.
Other occupiers within the immediate area include, Russell & Bromley, Blacks, HSBC, Vision Express and Cote.
Prime City Centre Class E Unit
Sales Area: 48.2 sq m (519 q ft)
The property comprises a self-contained ground floor retail unit situated on the eastern side of South Street, close to the Market Cross. Internally, the unit provides open plan retail space with a WC and kitchenette to the rear. There is also a basement for storage.
The property has the following approximate NIA:
Sales Area - 48.20 sq m (519 sq ft)
Storage - 9.00 sq m (97 sq ft)
Basement - 28.40 sq m (306 sq ft)
Total - 85.60 sq m (921 sq ft)
We understand that the premises benefit from a Class A1 use under the Town & Country Planning (Use Classes) Order 1987, as amended.
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.
Rents and prices are quoted exclusive of, but may be subject to VAT.
Each party to bear their own legal costs incurred.
The property is available to let by way of a new effectively repairing and insuring lease for a term to be agreed at an initial rent of £29,500 per annum exclusive.
Rateable Value / Council Tax Band
Rateable Value (2017): £35,000.
The goverment will continue to provide eligible retail, hospitality and leisure properties in England with 100% business rates relief from 1 April 2021 to 30 June 2021. This will be followed by 66% business rates relief for the period from 1 July 2021 to 31 March 2022, capped at £2 million per business for properties that were required to be closed on 5 January 2021, or £105,000 per business for other eligible properties.
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (email@example.com).
Energy Performance Rating
We understand the property to have an EPC rating of C (56).