Co-Operative Convenience Store, Oliver Whitby Road Chichester,West Sussex PO19 3LB
TO BE
CO-OPERATIVE CONVENIENCE STORE
NB –We understand that the tenant is shortly to undergo alterations and shopfitting
Location Estimated District Population: 106,000 Miles: 20 miles north-east of Portsmouth 20 miles west ofWorthing
Roads: A27, A259, A3(M)
Position The property is located in a popular residential area on the outskirts of Chichester and opposite a public open space. Oliver Whitby Road runs off St Paul’s Road (B2178) which in turn leads on to the Chichester Ring Road.
Description CONVENIENCE STORE arranged on the ground floor with two self-contained flats on the first floor.
(1) The Southern Co-Operative is a regional Co-Operative Society based in Portsmouth and operates from around 150 community stores across Southern England. Southern Co-Operative Ltd for the year to 01/11 reported a turnover of £283 million, surplus before tax of £9.7 million and net current assets of £26.3 million. (Source: Company Report and Financial Statement).We understand that the tenant is shortly to undergo alterations and shopfitting.
(2) There is a tenant’s option to renew for a further 10 years, subject to eighteen months prior written notice. (3) Areas provided by the Vendor of store following refurbishment.
Freehold Convenience Store Investment • Let to Southern Co-Operative Limited
• New 15 year lease from September 2011 (No breaks)
• Tenant option to renew for a further 10 years
• 30Working Day Completion available
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Blake Lapthorn. t: 0238 085 7476. e: nicola.sutton@bllaw.co.uk Ref: Ms N Sutton.