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58 East St

1,475 SF Retail Condo Unit Offered at $801,421 in Chichester PO19 1HL

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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	$801,421	Building Class	B
Unit Size	1,475 SF	Floors	4
No. Units	1	Typical Floor Size	369 SF
Total Building Size	1,475 SF	Year Built	1890
Property Type	Retail (Condo)	Tenancy	Single
Property Subtype	Storefront	Lot Size	0.15 AC
Sale Type	Investment

Price	$801,421
Unit Size	1,475 SF
No. Units	1
Total Building Size	1,475 SF
Property Type	Retail (Condo)
Property Subtype	Storefront
Sale Type	Investment
Building Class	B
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	$801,421	Tenure	Freehold
Price Per SF	$543.34	Cap Rate	9.30%
Condo Use	Retail	NOI	$74,550.83

Unit Size	1,475 SF
Price	$801,421
Price Per SF	$543.34
Condo Use	Retail
Sale Type	Investment
Tenure	Freehold
Cap Rate	9.30%
NOI	$74,550.83

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.