Investment.

Chichester.

62/64 East Street, PO19 1HL

Map View

Status.

Available

Price.

£1,680,000 (Subject to Contract and Exclusive VAT)

Location.

Located on the premier retailing pitch in Chichester on the pedestrianised East Street the property is situated in the most desirable location within the city centre. National retailers in close proximity include Mark & Spencer, NatWest, Lloyds Bank, Superdrug, Pret a Manger, Fat Face, Joules, HSBC, Jigsaw, Mint Velvet and Pandora.

Comprising large and regular floorplates and arranged over ground, first and second floors. The unit is considered a relative rarity in Chichester which lacks larger store opportunities. The subject property is not listed but does sit within Chichester’s conservation area.

Description.

Chichester has a catchment population of approximately 127,000 and is projected to see significantly above average population growth between 2020-2025. The city also benefits from one of the most affluent catchments with a significantly above average proportion of adults in AB and C1 social groups. I

n addition, the city attracts a significant number of tourists. These statistics put the city ahead of other major popular tourist locations such as Canterbury and Stratford upon Avon.

The retail offer in Chichester is focused on the attractive East Street and North Street, intersecting at Market Cross. Retail floor space provision is estimated at 730,000 sq ft and the city has above average quality of retail provision relative to the size of the shopping population. There is no covered shopping centre within Chichester and the out of town provision is principally limited to bulky goods operators with limited scope for future development. As a result, Chichester benefits from strong occupational demand and one of the lowest vacancy rates in the UK

Rent.

£125,000.00 per annum exclusive

Tenant(s).

The Entertainer

Tenure.

Freehold

Yield.

7% net initial yield.

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Patrick Over.

Partner | Investment

Ed Smith.

Partner | Investment

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