Guildhall Street, Chichester, PO19 1NJ

N.B. This investment opportunity is held within a SIPP and the Freehold and Headlease are already separate entities to enable this. The pension benefits from the £25,000 rental income from the restaurant (subject to sub lease). There is potential for a rental uplift At the review date (October 2027). There is additional Ground Rent income from the residential flats. The Freehold and the Headlease can be amalgamated if required to join the investment into one entity.

Located in a central location just off North Street, a fabulous Freehold investment opportunity. The property comprises a three storey Grade II listed building with a small basement.

The accommodation comprises a ground floor restaurant with small basement which is currently let on a full repairing and insuring (FRI) lease for £25,000 per annum to Phoenix Dining. The current lease expires in October 2032 .

The Freehold of the flats on the first and second floor are also being offered for sale.

These comprise:

Flat 1 (first floor): A studio apartment (approximately 284 sq. ft.) let on a 125-year lease from 1st January 1989. Ground rent payable £150/annum.

Flat 2 (first floor): A two-bedroom apartment (approximately 750 sq. ft.) let on a 125-year lease from 1st January 1989. Ground rent payable £150/annum.

Flat 3 (second floor): A one-bedroom apartment (approximately 382 sq. ft.) let on a 125-year lease from 16th January 2015. Ground rent payable £150/annum.

To the rear of 4 Guildhall Street is a terrace and a parking area for 4 cars.

The terrace and one parking space is included in the restaurant lease. The three further spaces are included with the leasehold flats.