Cooper Rose Real Estate has today commenced marketing a prime freehold retail investment in Chichester.
The property comprises a well configured retail unit located in a strong, pedestrianised retailing position on North Street and is let to WH Smith Retail Holdings Limited until 24 December 2022.
The total current income is £163,750 per annum, reflecting a low rate of £124 Zone A, and we believe that there is potential to achieve a rental uplift at review next year.
The quoting price is £3,620,000, reflecting a net initial yield of 4.25%.
Contact Giles Cooper
