1-3 South Street,
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D1 and Other, Retail and Leisure
1,554 - 3,471 Sq Ft (144.37 - 322.46 Sq M)
- Chichester is a thriving retail and administrative location
- Central position opposite the Market Cross and close to public car parks
- Open plan unit with full height glazed shop frontange on three sides
- Suit a variety of retail and restuant uses (stp)
- Ground floor sales area 144 sq m (1,554 sq ft)
- Basement sales area 146 sq m (1,581 sq ft)
- New FRI lease available
- Rent £120,000
- Nearby occupiers include Chichester Cathedral, Blacks, Moss Bros, HSBC, Cote and Katie Loxtons
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 situtated in a prime retail position on the the western side of South Street opposite the Market Cross, which intersets with East, North and West Streets. Nearby occupiers include Chichester Cathedral, Blacks, Moss Bros, HSBC, Cote and Katie Loxtons.
Prominent Retail Unit
Sales Area 291 sq m (3,135 sq ft)
The premises comprises a self-contained retail unit, occupying a prominent corner position and benefits from full height glazed shop frontage on three sides. Internally, the ground floor and basement provides open plan retail space.
Area - Sq M - Sq Ft
Ground floor sales - 144 sq m (1,554 sq ft)
Basement sales - 146 sq m (1,581 sq ft)
Total sales - 291 sq m (3,135 sq ft)
Ground ancillary - 22 sq m (238 sq ft)
Basement ancillary - 9 sq m (98 sq ft)
Total - 322 sq m (3,471 sq ft)
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.
We understand that VAT is payable.
Each party to bear their own legal costs incurred.
The property is available to let by way of a new (effectively) full repairing and insuring lease for a term to be agreed. Rent £120,000.
Rateable Value / Council Tax Band
Rateable Value (2017): £174,000.
Following the Government's recent Budget, occupiers of retail & leisure properties are eligible to receive a discount of 100% from their 2020/2021 rates bill, which may be subject to EU State Aid Limits. Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (firstname.lastname@example.org).
Energy Performance Rating
We understand the property has an EPC rating of C (70).