Chichester PK

Chichester: 66/66a East Street

July 2020
Chichester PK
  • Prime Retail property on East Street
  • Passing Rent: £279,500 per annum
  • Price: £3,000,000
  • Net Initial Yield: 8.75%

Fawcett Mead has recently acted on the sale of these two attractive retail units on East Street, Chichester’s prime retail thoroughfare.

The sale price of £3,000,000 reflects a net initial yield of 8.75% and a net equivalent yield of approximately 7.00%.

Jonathan Mills commented: “We are pleased to have completed on this sale on behalf of Aberdeen Standard Investments. The property comprises two attractive retail units and let to Specsavers and TSB on recentley re-gearded leases.

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