27 South Street in Chichester

NEW SALE FOR 2020.

Fletcher King is marketing an investment property at 27 South Street in Chichester;

A Freehold High Street Retail Investment in the affluent historic cathedral city of Chichester. The property comprises a three storey, Grade II listed, mid-terraced building and is fully let to Pizza Express (Restaurants) Limited until 24 March 2022.

Other salient details include:

•  Current net rent of £88,875 per annum

•  Gross Internal Area (net of stairs) – 4,860 sq ft

•  Unexpired term of 2.20 years

We are instructed to seek offers in excess of £1,290,000 (one million two hundred and ninety thousand pounds) which reflects a net initial yield of 6.50% after purchasers’ costs of 5.99%.

For further information, please contact Will Preece; wp@fletcherking.co.uk or Paul Morris FRICS; pmm@fletcherking.co.uk.