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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 | Building Class | B |
Unit Size | 1,475 SF | Number of Floors | 4 |
No. Units | 1 | Typical Floor Size | 369 SF |
Total Building Size | 1,475 SF | Year Built | 1890 |
Property Type | Retail (Unit) | Tenancy | Single |
Property Subtype | Storefront | Lot Size | 0.15 AC |
Sale Type | Investment |
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 | Sale Type | Investment |
Price | £645,000 | Tenure | Freehold |
Price Per SF | £437.29 | Net Initial Yield | 9.30% |
Unit Use | Retail | NOI | £60,000 |
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.
Nearby Major Retailers
Presented by
58 East St
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