Commercial Property for rent in North Street, Chichester

Description

The prominently positioned property is located within The Buttermarket, originally The Market House. Popular traders include Bill's Restaurant, Patisserie Valerie and Pressleys Jewellers. It is a self-contained retail unit which benefits from an open plan room which fronts onto North Street. The current usage is A1.

Location:

The property is ideally positioned on one of the principle shopping streets of Chichester with nearby occupiers such as Boots, Starbucks, Marks and Spencer, Purchases, Lakeland and Holland and Barrett. Chichester offers an outstanding range of shopping and recreational facilities, which include the highly regarded Festival Theatre and nearby Goodwood Estate for golf, horse racing, flying and motor racing. Rail links are provided from the mainline station with direct services to London (Victoria), Brighton, Portsmouth and Gatwick Airport.

Chichester:

The historic Cathedral City and county town of West Sussex, is strategically located mid-way between the two main coastal centres of Southampton and Brighton (31 miles) and between Portsmouth and Worthing (18 miles), 37 miles south of Guildford and 65 miles south-west of London.

The City benefits from a most attractive shopping environment with a large catchment area and is further enhanced by the massive influx of tourists drawn by the coastal location, sailing countryside, the Cathedral, world renowned Festival Theatre and the hugely successful Goodwood Car and Horseracing events.

Approximate Retail Area:

Internal Width:4 ft 9 inches4.5 m
Shop Depth:22 ft 9 inches6.9 m
Ground Floor Overall Area: 410sq ft38.1.09 sq m

Rent:

£42,500 per annum exclusive

Lease:

The property is available to let on a new lease for 10 years. This is to be the equivalent of a full repairing and insuring terms (on an internal repairing plus a service charge arrangement) and subject to a single upward only rent review at the 5th anniversary of the term.

Legal costs:

Each party to be responsible for their own legal costs.

Rateable Value

We are advised by Chichester District Council that the property is assessed as follows:

Rateable Value: £44,000 pa

Rates payable 2015/16: £21,692 pa   Read less