30 Southgate, Chichester, West Sussex, PO19

Description

Prominent Restaurant Premises
Total Size - 4,308 sq ft

Location

The cathedral city of Chichester is a prosperous and historic market town located in West Sussex, approximately 68 miles south-west of London, 17 miles east of Portsmouth and 34 miles west of Brighton. It is the only city in West Sussex and is the County Town.

The shop occupies a prominent position on the eastern side of Southgate at its junction with South Street, which is one of the principal retailing streets in the city. Nearby occupiers include Zizi, The Vestry, Wagamama, Cote and Trents Pub.

Planning

A new Use Classes Order (UCO) came into effect on 1st September 2020. Under the new UCO a new Use Class E was introduced to cover commercial, business and service uses. Use Class E encompasses A1, A2, A3, B1 and some D1 and D2 uses under the former UCO. We therefore understand that the premises benefit from Class E 'Commercial Business and Service' use within the Use Classes Order 2020.

Existing Premises Licence which can be transferred over (Sale of Alcohol between 9am and midnight).

Interested parties should make their own planning enquiries and satisfy themselves in this regard.

VAT

We understand the property is registered for VAT.

Accommodation

The property comprises a three storey Grade II* Listed building.

Internally, the ground floor provides a well configured open plan restaurant area providing around 60 covers and bar area, together with storage, kitchen, and disable WC. The first floor offers a further restaurant seating for around 44 covers, kitchen/prep area, storage, and WC's. The second floor offers more storage, but was likely previous a mangers flat.

We have measured, and understand the premises to have the following approximate:

Ground Floor - 2,496 sq ft
First Floor - 1,291 sq ft
Second Floor - 521 sq ft
Total - 4,308 sq ft


Business Rates / Council Tax Band

We have made enquiries regarding the present and previous rating tax assessment for the property, as follows:

Address: 30 Southgate, Chichester PO19 1DP
Description: Restaurant and premises
Rateable Value (2023): £59,000

Following the Government's latest budget, it has been confirmed that Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied retail, hospitality and leisure properties with a 75% relief, up to a cash cap limit of £110,000 per business for applicable chargeable days from 1 April 2023 to 31 March 2025.

Interested parties should make their own enquiries to satisfy themselves of their business rates liability.

EPC

We understand the property has an EPC rating of B.

Legal Fees

Each party to bear their own legal costs incurred.

Terms

The property is available to let by way of a new full repairing and insuring lease for a term to be agreed at a commencing rent of £75,000 per annum exclusive.