The Buttermarket, North Street, Chichester, West Sussex, PO19 1LQ
£95.00 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
6,000 sq ft
557 sq m
- SECTOR
High street retail property for sale
Key features
- FOR SALE BY AUCTION 9TH JULY 2024
- Rental £169,300 p.a. Exclusive
- Landmark building in historic City Centre
- Let to tenants including Bill's Restaurant and Pressley's Jewellers
- Bill's let on two leases expiring in August 2032 (no breaks)
- Two new lettings in 2023 including boutique tearoom
- Asset management opportunities
- Nearby occupiers include Marks & Spencer, Boots the Chemist, Jigsaw, The White Company, Mint Velvet, Costa and Starbucks
- Affluent and historic Cathedral City and popular retail and tourist destination
Description
Chichester is a historic Cathedral City and popular retail centre. The property is situated on the east side of the pedestrianised North Street in a prime retailing location, close to The Cross and the junction with East Street, South Street and West Street. Nearby occupiers include Marks & Spencer, Boots the Chemist, Jigsaw, The White Company, Mint Velvet, Costa, Starbucks and numerous high street banks.
Tenure
Leasehold. from Chichester City Council for a term of 99 years from 17th December 2009 (approximately 84 years unexpired). The rent payable to Chichester City Council is calculated annually by way of a fixed "base rent" of £50,000 per annum, plus a "turnover rent" (i.e. total annual rent less various deductions as defined in head lease). Please see legal pack for the headlease and recent turnover rent calculations/certificates.
Description
Dating from 1808, The Buttermarket was originally built to provide accommodation for small traders. The property was extensively refurbished and re-opened in 2011 to provide a magnificent Grade II listed building, arranged as five shops/restaurants on the ground and first floors.
VAT
VAT is applicable to this lot.
Brochures
The Buttermarket, North Street, Chichester, West Sussex, PO19 1LQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chichester Station0.4 miles
- Fishbourne Station1.6 miles
- Bosham Station3.0 miles
About Acuitus Limited, Acuitus
14 St. Christophers Place, London, W1U 1NH
Notes
Disclaimer - Property reference A12357Chichester. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Acuitus Limited, Acuitus. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Acuitus Limited, Acuitus on 020 7870 2773.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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