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.
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.
