To Let
59 East Street,
Chichester,
West Sussex,
PO19 1HX
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Retail, Food and Beverage
436 - 1,363 Sq Ft (40.5 - 126.62 Sq M)
- Located in busy and attractive Cathedral city close to public car parks
- Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses
- Rateable Value (2023): £28,000
- Open plan unit
- New FRI lease available
- Rent £35,000 pax
- Nearby occupiers include ASK Italian, New Look, Costa Coffee, Caffe Nero, Specsavers, Hotel Chocolate and Pret
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 in one of the principle retailing streets of central Chichester on the southern side of East Street. Nearby occupiers include ASK Italian, New Look, Costa Coffee, Caffe Nero, Specsavers, Hotel Chocolate and Pret
What3words: left.effort.unit
Description
Well Located Class E Premises
Total NIA - 126.62 sq m (1,363 sq ft)
Accommodation
The property comprises a mid terrace three storey building with the subject accommodation arranged over the ground floor and basement. It is situated on the south side of East Street in the busy retail area of Chichester.
The property has the following approximate NIA:
Sales Area 436 sq ft 40.48 sq m
Office 412 sq ft 38.30 sq m
Kitchenette 97 sq ft 9.04 sq m
Basement ETC 418 sq ft 38.79 sq m
Total 1,363 sq ft 126.62 sq m
Energy Performance Rating
We understand the property has an EPC rating of D.
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.
Taxation
Rateable Value (2023): £28,000.
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 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.
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 the rent of £35,000 per annum exclusive.
There is also a licence fee for the rear access of £500 pa.
VAT
We understand that the property is not elected for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Flude Property Consultants for themselves and for the vendors or lessors of this property whose agents they are give notice that: i) these particulars are set out in good faith and are believed to be correct but their accuracy cannot be guaranteed and they do not form any part of any contract; ii) no person in the employment of Flude Property Consultants has any authority to make or give any representation or warranty whatsoever in relation to this property.
Please note that whilst we endeavour to confirm the prevailing approved planning use for properties we market, we can offer no guarantees in this regard. Planning information is stated to the best of our knowledge. Interested parties are advised to make their own enquiries to satisfy themselves in respect of planning issues.
We advise interested parties to make their own enquiries to the local authority to verify the above and the level of business rates payable in view of possible transitional arrangements and any reliefs.