**Standout Features:**
- Prime retail location on bustling East Street, Chichester.
- Tenanted by Holland and Barrett with a D&B Rating of 5A 2.
- Freehold property with rebased rent of £115,000 per annum.
- Significant potential for rental growth.
- Includes plans for potential residential development of the upper levels.
- Historical significance as a Grade II Listed building.
**Potential Concerns:**
- Listed status might complicate renovations or updates.
- High crime rate in the area.
Located in the heart of Chichester, this expansive Grade II Listed retail property offers an exceptional opportunity for investors in one of the city’s most desirable locations. With 3,097 sq ft of versatile space across multiple levels, it ensures maximum visibility and foot traffic—ideal for businesses seeking a bustling environment. Currently leased to Holland and Barrett with a robust annual rent of £115,000, this asset holds the promise of further rental growth given the limited availability of prime retail units in the surrounding area.
The property’s prime position is further enhanced by its neighboring well-known retailers such as M&S, HSBC, and The Ivy, creating a vibrant commercial atmosphere. Planning permission is in place for the development of upper-level residential spaces, making this not just a retail investment but a future residential opportunity as well. While its Listed status may present challenges for renovations, such a characterful structure is rare to find and offers homeowners and businesses a piece of Chichester’s rich architectural history. With a guide price of £1,435,000 reflecting a net initial yield of 7.50%, opportunities of this caliber in high-demand areas are limited; act swiftly to secure your investment in this thriving city.