To Let
59 East Street,
Chichester,
West Sussex,
PO19 1HX
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Retail and Leisure
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
- Future 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, Ernest Jones, Phase Eight and The Body Shop
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, Ernest Jones, Phase Eight and The Body Shop.
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
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 the rent of £35,000 per annum exclusive.
Rateable Value / Council Tax Band
Rateable Value (2017): £51,000
Future 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 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.
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 D.