19-20 East Street,
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Retail and Leisure, D1 and Other
2,428 - 3,747 Sq Ft (225.56 - 348.1 Sq M)
- Chichester is a busy and attractive Cathedral city
- Prime location on the northern (sunny) side of East Street, which is fully pedestrianised
- Large retail frontage
- First floor storage 1,318 sq ft
- RV reducing from £142,000 (2017) to £89,500 (2023)
- New FRI lease available
- Rent £125,000 pax
- It immediately adjoins Marks & Spencer and Halifax bank. Other occupiers nearby include Pandora, Fat Face, Superdrug and The Ivy
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 prime location on the northern (sunny) side of East Street, which is fully pedestrianised. It immediately adjoins Marks & Spencer and Halifax bank. Other occupiers nearby include Pandora, Fat Face, Superdrug and The Ivy.
Prime Class E Premises
Sales Area 225.61 sq m (2,428 sq ft)
The property is arranged over ground and first floors within an attractive building having brick elevations under pitched tiled and flat roofs. Both ground and first floors have been extended and the ground floor now extends almost to the rear boundary line of the site. There is a small rear yard with pedestrian fire escape route to the public car park behind.
The ground floor provides open plan sales area whilst the first floor was used for storage, staff office and WC's.
We have been provided with the following approximate Net Internal Area (NIA):
Sales Area 225.61 sq m 2,428 sq ft
First Floor 122.47 sq m 1,318 sq ft
Total NIA 348.08 sq m 3,747 sq ft
Gross Frontage 7.96 m
Net Frontage 5.95 m
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.
The property is registered for VAT.
Each party to bear their own legal costs incurred.
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 £125,000 per annum exclusive.
Rateable Value / Council Tax Band
Rateable Value (2017): £142,000.
Future Rateable Value (2023): £89,500.
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 (email@example.com).
Energy Performance Rating
We understand the property has an EPC rating of C(53).
For further information or to arrange a viewing, please contact us or our joint agent: