16 South Street, Chichester, West Sussex, PO19

Description

Class E Premises
Sales Area - 620 sq ft

Location

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 prominent position on the western side of South Street which is one of the principal retailing streets in the city. Nearby occupiers nearby include Blacks, Crew Clothing, White Stuff, Moss Bros and Cote.

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

Rents and prices are quoted exclusive of, but may be subject to VAT.

Accommodation

The premises comprises a self-contained ground floor retail unit which provides open plan retail space with a WC to the rear.

The accommodation has the following approximate floor areas.

Sales Area - 620 sq ft
Ancillary - 47 sq ft
Total - 667 sq ft

Business Rates / Council Tax Band

Rateable Value(2023): £27,000.

Following the Government's latest budget, it has been confirmed that there will be a 75% discount until 31st March 2025. 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.

EPC

We understand the property has an EPC rating of B.

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 to be agreed at a commencing rent of £35,000 per annum exclusive.