To Let
1 Stocklund House,
East Street,
Chichester,
West Sussex,
PO19 1JE
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Retail, Food and Beverage
1,056 Sq Ft (98.1 Sq M)
- Chichester is an attractive and historic cathedral city
- East Street, one of the city's prime pedestrianised retail thoroughfares
- Modern open plan retail premises
- New FRI lease available
- Rent £55,000 pax
- Nearby occupiers include Hidden Hearing, Coop, New Look, TK Maxx, Flannels, Sports Direct, H&M, and ASK Italian
Location
Chichester is an attractive and historic cathedral city, serving as the county town of West Sussex. Strategically positioned along the A27 south coast trunk road, the city benefits from excellent connectivity, lying approximately 15 miles east of Portsmouth and 30 miles west of Brighton. Chichester also offers a direct mainline rail service to London Victoria, enhancing its appeal for both commuters and commercial occupiers.
The subject property is prominently located on the southern side of East Street, one of the city's prime pedestrianised retail thoroughfares. The immediate vicinity features a strong retail line-up, with national occupiers including Hidden Hearing, Coop, New Look, TK Maxx, Flannels, Sports Direct, H&M, and ASK Italian, ensuring consistent footfall and commercial vibrancy.
Description
The property occupies a prominent corner position, benefitting from excellent visibility and return frontage. The subject accommodation is situated at ground floor level and is currently configured as a coffee shop. However, the premises is considered suitable for a variety of alternative uses, subject to the necessary consents.
Accommodation
The accommodation has the following approximate Net Internal Area (NIA):
| Description | Sq Ft | Sq M |
|---|---|---|
| Ground Floor - Sales Area | 1056 | 98.1 |
| Total | 1,056 | 98.10 |
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.
Taxation
Rateable Value (2023): 44,000.
Following the Government's latest budget, all occupied retail, hospitality & leisure properties receive a 40% discount from 1st April 2025 until 31st March 2026. Subject to annual cash cap of £110,000 per business and qualifying use.
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 £55,000 per annum exclusive.
VAT
We understand the property is registered for VAT.
Legal Fees
Each party to bear their own legal costs incurred.
Anti-Money Laundering Regulations 2017
Due to Government legislation, we are legally obliged to undertake Anti-Money Laundering checks on prospective Purchasers / Tenants where a transaction has a capital value of €15,000 (Euro) or more or a rental value of €10,000 (Euro) per calendar month or more. This includes checking proof and source of funds. Please note that we need to obtain the relevant information and record this on file before a transaction can be contracted.
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.