To Let
24 North Street,
Chichester,
West Sussex,
PO19 1LB
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Retail and Leisure, D1 and Other
823 - 1,342 of 2,165 Sq Ft (76.46 - 124.67 of 201.13 Sq M)
- Chichester is a busy and attractive Cathedral city
- Located in prime pedestrianised area
- Open plan sales area
- Quality and usable basement storage totalling 823 sq ft
- Suit a variety of uses, subject to planning
- New EFRI lease available
- Rent £60,000 pax
- Unit being refurbished
- Nearby occupiers include The White Company, Marks and Spencer, Boots, WH Smith and H. Samuel
Location
The cathedral city of Chichester is a prosperous and historic market town located in West Sussex, approximately 68 miles south-west of London, 17 miles east of Portsmouth and 34 miles west of Brighton. It is the only city in West Sussex and is the County Town.
The property is situated on the western side of North Street, about 80 meters to the north of the Market Cross. This position is within the pedestrianised part of North Street, with significant levels of footfall. In retailing terms this location is considered prime.
Nearby occupiers include The White Company, Marks and Spencer, Boots, WH Smith and H. Samuel.
Description
Class E Premises
Sales Area - 124.71 sq m (1,342 sq ft)
Accommodation
The premises form part of a Grade II Listed building. Internally, the ground floor provides mainly an open plan sales area with storage, staffroom, kitchen and WC facilities to the rear. There is also a quality and usable basement, which will be accessed internally from the shop.
The property has the following approximate NIA:
Area - Sq Ft - Sq M
Sales Area - 1,342 sq ft - 124.71 sq m
Basement - 823 sq ft - 76.50 sq m
Total - 2,165 sq ft - 201.21 sq m
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.
VAT
We understand the property is elected for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Terms
The premises 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 £60,000 per annum exclusive.
Rateable Value / Council Tax Band
Rateable Value (2023): £54,000.
Following the Government's latest budget, it has been confirmed that there will be a 75% discount from 1st April 2023 until 31st March 2024.
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 D.