Description

Attractive Open Plan Refurbished Office Suite with Parking
Size 1,395 sqft (129.60 sqm)

Accommodation

The subject premises comprise the whole of the second floor of a Grade 11 listed office building located on the west side of North Street in the city centre of Chichester.

Access can be by either the primary North Street frontage into the welcoming lobby area or by the secondary side access from the parking area. From here there is access to the shared WC accommodation for the building and additional access to the basement storage which is included with the suite.

Stairs lead to the office suite at 2nd floor level which is configured in an open plan floor plate which has been newly refurbished and benefits from a kitchenette.

The accommodation has an approximate floor area (IPMS-3) of 1,395 sqft (129.60 sqm).

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 the property is registered 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 of 10 years subject to tenant only breaks on the 3rd and 7th anniversaries of the lease at a commencing rent of £23,000 per annum exclusive.

There is a service charge contribution to the maintenance of the building and common parts together with a contribution to buildings insurance. Further details on request.

Rateable Value / Council Tax Band

We have made enquiries regarding the present rating tax assessment for the property and it appears that it is currently assessed as part of a larger assessment. An application to split the assessment is currently being made.

It is anticipated that the revised RV with be in the order of £12,000 RV and therefore we believe either 100% or partial small business rate relief is possible.

Should you require further information on Business Rates, please contact our in house rating surveyor Daniel Green (d.green@flude.com).

Energy Performance Rating

To be confirmed.