Under Offer
3 Stocklund House,
East Street,
Chichester,
West Sussex,
PO19 1JE
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Retail and Leisure, D1 and Other
1,006 Sq Ft (93.46 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 southern side of East Street, which is one of the principal retailing streets in the city. Nearby occupiers include Next, TK Maxx, Flannels, Sports Direct, H&M and Ask.
Description
Prominent Class E Premises
Total NIA - 93.36 sq m (1,006 sq ft)
Accommodation
The accommodation comprises a self-contained ground floor Class E premises. The accommodation has an approximate Net Internal Area (NIA) of 93.50 sq m (1,006 sq ft).
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 registered for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Terms
The property 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 £45,000 per annum exclusive, subject to vacant possession.
The service charge is £919.84 per annum, plus VAT and the building insurance is £269.60 per annum.
Rateable Value / Council Tax Band
Rateable Value(2023): £ 41,750.
Following the Government's latest budget, it has been confirmed that there will be a 75% discount until 31st March 2025. 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 (83).