To Let
33-34 North Street,
Chichester,
West Sussex,
PO19
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Retail and Leisure, D1 and Other
3,500 - 9,003 Sq Ft (325.15 - 836.38 Sq M)
- Chichester is a busy and attractive Cathedral city
- Large retail frontage
- Ground floor sales area 3,507 sq ft
- First floor sales area 3,479 sq ft
- RV reducing to £101,000
- Suit a variety of uses, subject to planning
- Rent £100,000 pax
- New lease available
- Nearby occupiers nearby include Lakeland, The Cornish Bakery, Hamptons, Susie Watson Design and Strutt and Parker
- Consideration to renting the ground floor only, subject to terms
Location
The cathedral city of Chichester is a prosperous and historic market town located in West Sussex, approximately 68 miles south-west of London, 17 miles east of Portsmouth and 34 miles west of Brighton. It is the only city in West Sussex and is the County Town.
The shop occupies a prominent location on the western side of North Street which is one of the principal retailing streets in the city. Nearby occupiers nearby include Lakeland, The Cornish Bakery, Hamptons, Susie Watson Design and Strutt and Parker.
Description
Attractive and Substantial Retail Unit
Sales Area over two floors 6,986 sq ft
Accommodation
The property is arranged over ground and two upper floors, and comprises the following approximate floor areas (NIA):
Ground floor sales area - 3,507 sq ft
Storage - 809 sq ft
Office - 122 sq ft
Total ground floor - 4,439 sq ft
First floor sales area - 3,479 sq ft
Storage - 409 sq ft
Offices - 64 sq ft
Total first floor - 4,152 sq ft
Second floor ancillary - 413 sq ft
Total 9,003 sq ft
Gross Frontage - 11.58m
Net Frontage - 10.21m
Externally, there is rear access and two parking spaces.
Planning
We understand that the premises benefit from Class E (a) 'Display or retail sale of goods, other than hot food' within the Use Classes Order 2020.
Interested parties should make their own planning enquiries and satisfy themselves in this regard.
VAT
Rents and prices are quoted exclusive of, but may be subject to VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Terms
The property is available to let by way of a new full repairing and insuring lease for a term to be agreed at a commencing rent of £100,000 per annum exclusive. Consideration would be given to renting just the ground floor, subject to terms.
Rateable Value / Council Tax Band
Future Rateable Value (2023): £101,000.
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.
Energy Performance Rating
We understand the property has an EPC rating of C.