Map View
Sold on 23/05/2022
£1,680,000 (Subject to Contract and Exclusive VAT)
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.
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
£125,000.00 per annum exclusive
The Entertainer
Freehold
7% net initial yield.
Partner | Investment
Green & Partners understand our needs and continually exceed expectations.
abrdn
Thorough, tenacious, practical in their outlook and approach but above all they get results.
La Salle Investment Management
The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.
M & G Real Estate
Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.
DTZ Investors
With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.
Hammerson
Green & Partners uses cookies to improve your experience. By continuing to use the site you are accepting our use of cookies. To find out more please click here .