A wonderful opportunity to acquire a well-positioned fully let mixed use residential and commercial property, located close to the Festival Theatre, Priory Park and a range of A1 and A3 units.
This fully let, mixed use investment building is located towards the top end of North Street surrounded by a variety of commercial units.
Accommodation comprises of a three storey building with a lock-up shop on the ground floor with basement storage and a front and side entrance. The upper two floors housing a maisonette which is accessed by it own front door off North Walls to the side of the building offering 2 double bedrooms, kitchen/dining room, sitting room and family bathroom.
We have not measured the residential unit.
We understand that the ground floor unit has the benefit of Class A1 use with the upper floors being residential.
The property is ideally positioned on one of the principle shopping streets of Chichester with nearby occupiers such as Jack Wills, Hennings Wine, Lakeland. Chichester offers an outstanding range of shopping and recreational facilities, which include the highly regarded Festival Theatre and nearby Goodwood Estate for golf, horse racing, flying and motor racing. Rail links are provided from the mainline station with direct services to London (Victoria), Brighton, Portsmouth and Gatwick Airport.
The historic Cathedral City and county town of West Sussex, is strategically located mid-way between the two main coastal centres of Southampton and Brighton (31 miles) and between Portsmouth and Worthing (18 miles), 37 miles south of Guildford and 65 miles south-west of London.
The City benefits from a most attractive shopping environment with a large catchment area and is further enhanced by the massive influx of tourists drawn by the coastal location, sailing countryside, the Cathedral, world renowned Festival Theatre and the hugely successful Goodwood Car and Horseracing events.
The ground floor shop is let for a term of 10 years from 11 December 2015 on a FRI lease at £18,500 pax
The residential apartment is let on a 12 month AST from 14th December 2017 at £10,500 pax