To Let
23 South Street,
Chichester,
West Sussex,
PO19
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Retail and Leisure, D1 and Other
530 of 781 Sq Ft (49.24 of 72.55 Sq M)
- Central position close to public car parks, bus and rail stations
- Chichester is an affluent and thriving retail centre
- Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses
- Well located within busy shopping area
- New EFRI lease available
- Rent £22,000 pax
- No VAT
- Nearby occupiers include White Stuff, Harris & Hoole Coffee Shop, Sweaty Betty, Wagamama and Jo Jo Maman Bebe
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 western side of South Street, which is a prominent shopping destination within Chichester City Centre. South Street accommodates a number of national retailers including White Stuff, Sweaty Betty, Jojo Mama Bebe, Mistral and Iceland. There are also a number of upmarket eateries including Wagamama, Cote Brasserie and Prezzo.
Description
City Centre Retail Unit
Sales Area 464 sq ft 43.11 sq m
Accommodation
This Grade II Listed property forms part of a parade on the western side of South Street.
The accommodation comprises ground floor sales area with storage and WC to the rear. There is also a basement, reached via a trapdoor from the shop floor.
The property has the following approximate NIA:
Area Sq Ft Sq M
Sales Area 464 sq ft 43.11 sq m
Ancillary 65 sq ft 6.04 sq m
Basement 216 sq ft 20.04 sq m
Total 745 sq ft 69.19 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 that the property is not elected 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 £22,000 per annum exclusive.
Rateable Value / Council Tax Band
Rateable Value (from April 2023): £20,000.
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 (d.green@flude.com).
Energy Performance Rating
We understand the property has an EPC rating of C (56).