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1-2 West St 1,475 SF Retail Condo Unit Offered at $601,058 in Chichester PO19 1QD

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Investment Highlights

Prominent corner-position in town centre
Conveniently located along the A27 south coast trunk road and lies approximately 15 miles to the east of Portsmouth and 30 miles west of Brighton

Multiple retailers nearby including; Marks and Spencer, Sea Salt, Jo Malone, Fat Face, Next, Mint Velvet, Crew, H&M, TK Maxx and Jig Saw

Executive Summary

The retail offering in Chichester is concentrated along the two main shopping axis comprising North Street/South Street and East Street/West Street; these intersect at the Market Cross directly in front of the property. Chichester is an attractive cathedral city, and the county town of West Sussex. It is conveniently located along the A27 south coast trunk road and lies approximately 15 miles to the east of Portsmouth and 30 miles west of Brighton. There is a mainline railway service to London.

Property Facts

Total Building Size	2,053 SF	Floors	5
Property Type	Retail (Condo)	Typical Floor Size	411 SF
Property Subtype	Storefront	Year Built	1902
Building Class	B	Lot Size	0.03 AC

Total Building Size	2,053 SF
Property Type	Retail (Condo)
Property Subtype	Storefront
Building Class	B
Floors	5
Typical Floor Size	411 SF
Year Built	1902
Lot Size	0.03 AC

24 Hour Access

Storage Space

1 Unit Available

Unit 2

Unit Size	1,475 SF	Sale Type	Investment or Owner User
Price	$601,058	Tenure	Freehold
Price Per SF	$407.50	Cap Rate	7.22%
Condo Use	Retail	NOI	$43,409.73

Unit Size	1,475 SF
Price	$601,058
Price Per SF	$407.50
Condo Use	Retail
Sale Type	Investment or Owner User
Tenure	Freehold
Cap Rate	7.22%
NOI	$43,409.73

Description

This attractive Grade II Listed five storey building occupies a prime position on West Street facing both the Cathedral and The Market Cross within the pedestrian core of the city. There is rear loading and access from Chapel Street.

Sale Notes

The premises are available on a new full repairing and insuring lease for a term to be agreed, or, on a Freehold basis subject to vacant possession.

The property is available on a new lease at £32,500 per annum.

Alternatively, the freehold is available at £450,000 with vacant possession.