89 – 91 East Street, Chichester

Rare 100% Prime Long Dated Freehold Investment

• Chichester is one of the UK’s most affluent cities
• The finest trading location in the city centre
• New, rebased letting to The Ivy (Troia UK Restaurants Limited), with a guarantee from Caprice Holdings Ltd
• Exceptionally rare long dated lease of 25 years with no breaks. (Expiry November 2046)
• A rent of £150,000 per annum, reflecting £75.65 psf Zone A, a significant rebase from the historical high of £190 psf Zone A
• Freehold

We will be seeking offers in excess of £2,965,000 subject to contract and exclusive of VAT.  A purchase at this level reflects a net initial yield of 4.75% assuming purchaser’s costs of 6.45%.