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58 East St

1,475 SF Retail Unit Offered at £645,000 in Chichester PO19 1HL

Investment Highlights

  • Chichester is a busy, affluent and attractive Cathedral city
  • Let on a ten year FRI lease until 2034
  • Excellent prime retail location

Property Facts

Price £645,000
Unit Size 1,475 SF
No. Units 1
Total Building Size 1,475 SF
Property Type Retail (Unit)
Property Subtype Storefront
Sale Type Investment
Building Class B
Number of Floors 4
Typical Floor Size 369 SF
Year Built 1890
Tenancy Single
Lot Size 0.15 AC

1 Unit Available

Unit 58

Unit Size 1,475 SF
Price £645,000
Price Per SF £437.29
Unit Use Retail
Sale Type Investment
Tenure Freehold
Net Initial Yield 9.30%
NOI £60,000
Description

Ground floor retail unit let to 17 Grams Coffee Roasters
Ltd. This company is owned and run by coffee
entrepreneur Alexx McKendry who has various outlets
at Hove and Brighton as well as Chichester.

The Ground floor retail space measures 1,475 sq ft whilst ground floor ancillary to the rear is 440 sq ft.

Sale Notes

Prime retail investment freehold for sale at £650,000.

A three storey building with brick faced elevations under a pitched roof. The upper parts are in residential use and have been “sold off” on a long lease.

58 East Street cafe sales area
View Photo 58 East Street cafe sales area

Nearby Major Retailers

Pret A Manger
Co-operative Food
Carluccio's
HSBC
Côte Brasserie
Costa Coffee
T S B
Barclays
Lloyds
black sheep coffee
  • Listing ID: 33323129

  • Date on Market: 27/09/2024

  • Last Updated:

  • Address: 58 East St, Chichester PO19 1HL

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