30A East Street Chichester West Sussex PO19 1HS

  • 30A East Street<br>Chichester<br>West Sussex<br>PO19 1HS

30A East Street
Chichester
West Sussex
PO19 1HS

Prime Freehold Retail Investment

  • Attractive shop in pedestrianised city centre location
  • Located within historic affluent cathedral city
  • Entirely let to EE Limited guaranteed by T-Mobile UK Retail Limited
  • Nearby occupiers include M&S, Monsoon, Next, Molton Brown, Space.NK and Caffè Nero
  • Lot
    36
  • Auction
    11th July 2018
  • Rent
    £63,500 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Prime Freehold Retail Investment

  • Attractive shop in pedestrianised city centre location
  • Located within historic affluent cathedral city
  • Entirely let to EE Limited guaranteed by T-Mobile UK Retail Limited
  • Nearby occupiers include M&S, Monsoon, Next, Molton Brown, Space.NK and Caffè Nero
  • Lot 36
  • Auction 11th July 2018
  • Rent £63,500 per Annum Exclusive
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
16 miles east of Portsmouth
32 miles east of Southampton
34 miles west of Brighton
Roads
A259, A27
Rail
Chichester
Air
Southampton Airport
Situation

Chichester is an affluent cathedral city in West Sussex with a district population of some 115,000. A popular tourist destination, Chichester is located at the foot of the South Downs with excellent access to Portsmouth and Brighton via the A27. The property is prominently situated in the town centre on the pedestrianised East Street, Chichester’s primary retailing thoroughfare. Nearby occupiers include M&S, Next, TK Maxx, Molton Brown, Joules, Phase Eight, Monsoon, Space.NK, Costa, Ernest Jones and Caffè Nero.

Tenure

Freehold.

Location
Miles
16 miles east of Portsmouth
32 miles east of Southampton
34 miles west of Brighton
Roads
A259, A27
Rail
Chichester
Air
Southampton Airport
Situation

Chichester is an affluent cathedral city in West Sussex with a district population of some 115,000. A popular tourist destination, Chichester is located at the foot of the South Downs with excellent access to Portsmouth and Brighton via the A27. The property is prominently situated in the town centre on the pedestrianised East Street, Chichester’s primary retailing thoroughfare. Nearby occupiers include M&S, Next, TK Maxx, Molton Brown, Joules, Phase Eight, Monsoon, Space.NK, Costa, Ernest Jones and Caffè Nero.

Tenure

Freehold.

Description

The property, a Grade II listed building, comprises a ground floor retail unit with ancillary accommodation on three upper floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, a Grade II listed building, comprises a ground floor retail unit with ancillary accommodation on three upper floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
Ground
Basement
First
Second
Third		 Retail/Ancillary
Ancillary
Ancillary
Ancillary
Ancillary
64.50 sq m
27.10 sq m
23.30 sq m
14.90 sq m
27.10 sq m
(695 sq ft)
(292 sq ft)
(251 sq ft)
(160 sq ft)
(292 sq ft)
 EE LIMITED (1)
guaranteed by
T-Mobile (UK)
Retail Limited		 15 years from
19/05/2004 on a
full repairing and
insuring lease		 £63,500 (18/05/2019)
Total
156.90 sq m
(1,690 sq ft)
     £63,500  

(1) For the year ending 31st March 2017, EE Limited reported a turnover of £7,991,000,000, pre-tax profits of £651,000,000 and a total net worth of £56,000,000 (Source: Experian 06/06/2018). The tenant is not in occupation of the unit.

Contacts

Seller's Solicitors
Shepherd and Wedderburn LLP Condor House, 10 St. Paul's Churchyard
London
EC4M 8AL
Lauren McLeod 0207 429 4959lauren.mcleod@shepwedd.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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