54 East Street,
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West Sussex PO19 1JG
Retail and Leisure, D1 and Other
1,127 Sq Ft (104.7 Sq M)
- Located in busy and attractive Cathedral city
- Open plan sales area
- Basement storage of 332 sq ft
- Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses
- Public car parks nearby
- Rent £35,000 pax
- New EFRI lease available
- Nearby ocupiers include Sports Direct, Coop, Next, ASK Italian, H&M, TK Maxx and Kamsons Pharmacy
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 located on the southern side of East Street close to its junction with St Johns Street.
Nearby occupiers include Sports Direct, Coop, ASK Italian, H&M, TK Maxx and Kamsons Pharmacy.
Modern Class E Premises
Sales Area: 73.89 sq m (795 sq ft)
The property comprises a modern self-contained ground floor retail unit with basement storage.
The property has the following approximate NIA:
Area - Sq M - Sq Ft
Sales Area - 73.89 - 795
Basement - 30.82 - 332
Total - 104.71 - 1,127
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 the property is registered for VAT.
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 at the rent of £35,000 per annum.
There is also a service charge payable of £2,409 per annum.
Rateable Value / Council Tax Band
Rateable Value (2017) £44,500
Rateable Value (from April 2023) £26,250
Currently, all occupied retail, hospitality & leisure properties receive a discount of 50% on rates payable until 31st March 2023. 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.
Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (firstname.lastname@example.org).
Energy Performance Rating
The property has an EPC rating of C.