88 East Street, Chichester, West Sussex, PO19
- SIZE AVAILABLE
1,101-2,132 sq ft
102-198 sq m
- SECTOR
High street retail property to lease
Lease details
- Lease available date:
- Ask agent
- Lease type:
- Long term
Key features
- Chichester is a busy and attractive Cathedral city
- Central position opposite the Market Cross
- Prominent frontage (6.21m Net)
- Desirable retailing area
- Rent £85,000 pax
- New FRI lease available, subject to vacant possession
- Nearby occupiers include Mountain Warehouse, The Ivy, Poundland, HSBC, Franca Manco, Fat Face, M&S and Superdrug
Description
Sales Area - 1,101 sq ft
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 property is situated in a central position on the southern side of East Street, which is full pedestrianised and close to the Market Cross. Nearby occupiers include Mountain Warehouse, The Ivy, Poundland, HSBC, Franca Manco, Fat Face, M&S and Superdrug
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.
We understand the property is registered for VAT.
The property comprises a mid terrace period building arranged over three floors and is configured as a lock-up shop. It is generally arranged as sales area to the ground floor, with ancillary and staff areas above.
The property has the following approximate Net Internal Area (NIA):
Area sq m sq ft
Sales Area 102.32 1,101
Storage 22.27 240
First Floor 40.87 440
Second Floor 32.64 351
Total NIA 198.10 2,132
Rateable Value (2023): £60,500.
Following the Government's latest budget, it has been confirmed that Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied retail, hospitality and leisure properties with a 75% relief, up to a cash cap limit of £110,000 per business for applicable chargeable days from 1 April 2023 to 31 March 2025.
Interested parties should make their own enquiries to satisfy themselves of their business rates liability.
We understand the property has an EPC rating of E (107).
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, subject to vacant possession, for a term to be agreed at the rent of £85,000 per annum exclusive.
Chichester is a busy and attractive Cathedral city
Central position opposite the Market Cross
Prominent frontage (6.21m Net)
Desirable retailing area
Rent £85,000 pax
New FRI lease available, subject to vacant possession
Nearby occupiers include Mountain Warehouse, The Ivy, Poundland, HSBC, Franca Manco, Fat Face, M&S and Superdrug
Brochures
88 East Street, Chichester, West Sussex, PO19
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chichester Station0.3 miles
- Fishbourne Station1.6 miles
- Bosham Station3.0 miles
Flude Property Consultants is a regional independent firm of Chartered Surveyors regulated by the Royal Institution of Chartered Surveyors (RICS) who specialise in advising clients with commercial property interests.
Our main areas of expertise are commercial property agency, lease advisory (rent reviews, lease renewals and lease re-gears), property management, valuation, rating, investment and development property.
We are a commercially minded practice who understand the needs and
Industry affiliations
![Royal Institute of Chartered Surveyors](https://media.rightmove.co.uk/dir/customer/industry-affiliation/royal-institute-of-chartered-surveyors_max_135x100.png)
Notes
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