Close cookie policy popup window
This site uses cookies for analysis purposes only. This helps us understand how you and other visitors use our site. To see a complete list of these cookies or to opt out please access our cookie policy page.

You will see this message only once, but you will be able to find more information about our use of cookies or opt out at any time.


1 Magnus Court,
St. Martins Street,
West Sussex,
PO19 1AF


857 Sq Ft (79.62 Sq M)


  • Chichester is an affluent Cathedral City in West Sussex
  • The City benefits from a diverse mix of retailers, strong occupier demand and consistently low vacancy rates
  • Investment comprises a self-contained ground floor retail unit
  • The shop is let to Stephen Lawrence Ladieswear Ltd until 31 January 2027 (eight years unexpired)
  • Total ground floor NIA 79.61 sq m (857 sq ft)
  • Rent £45,000 per annum exclusive
  • Tenure - long leasehold interest for a term of 125 years from 1 January 2005 at a peppercorn rent
  • Price £625,000, which reflects a net initial yield of 6.85%, after purchaser's costs of 5.12%


The Cathedral City of Chichester is a historic and thriving administrative centre for West Sussex. The city is located approximately 65 miles south west of London, 15 miles east of Portsmouth and 30 miles west of Brighton.

Chichester City Centre is a vibrant and attractive retail centre with a core retail floor
space totalling around 700,000 sq ft. The retail on offer is concentrated within the
city walls. The historic nature of the retail core limits scope for future development and as a result, Chichester has one of the lowest vacancy rates in the UK.




The property was constructed in 2007, and comprises a mixed use investment over ground, first and second floors. The two upper floors comprise six residential apartments, which are accessed from a ground floor entrance on the west side of building; from St Martins Street.

The ground floor retail space is configured as two self-contained shops. Shop 1 is occupied by Stephen Lawrence Ladieswear.


Planning Use: A1

User Clause: A1/A2/A3/A5


The property is VAT elected. It is therefore assumed that any sale will be treated as a TOGC (Transfer of Going Concern) where possible.

Legal Fees

Each party to bear their own legal costs incurred.


Price £625,000 which reflects a net initial yield of 6.85%, after purchasers costs of 5.12%.

Energy Performance Rating

Shop 1: C - 73


For further information or to arrange a viewing, please contact Flude Commercial incorporating Garner Wood on 01243 819000 or via email to

Key Contacts

Contact Photo

Mark Minchell

01243 929136