The property represents on the the larger units within the town near Fore Street with sales space, storage, staff room and toilet and situated directly opposite Boots within easy walking distance to the town’s main car parks as well as the busy harbour front.
Key Features
Situated within the town centre in what was traditionally the main “banking street”.
Traditional retail unit with good window frontage.
Further storage space within the basement.
Location
Floor Plan
EPC
Details
LOCATION
St Ives is one of the most characterful and busiest resorts in the south west. The quaint harbour town is extremely popular during the summer season but also benefits from tourist trade throughout the year due largely to the Tate Gallery and its links with the artist community. The town is highly sought after by National, Regional and Local retailers and there are numerous respected restaurants, bistros and cafes.
SITUATION
The premises are situated within the town centre in what was traditionally the main “banking street” but now forms an extension to the prime Fore Street retailing and has numerous cafes, shops, galleries and public houses. Situated directly opposite Boots, the property is within easy walking distance to the town’s main car parks as well as the busy harbour front.
DESCRIPTION
The property, unusually for St Ives, is a traditional retail unit of regular shape and good window frontage. The sales space represents one of the larger units within the town. To the rear of the property is additional storage, staff room and toilet facilities. There is further storage space within the basement although access is by means of a hatch and staircase within the sales area.
ACCOMMODATION
Retail width (max) 4.80 m Retail depth (max) 16.9 m Retail sales space 82.0 m² (882 ft²) Rear storage 20.0 m² (215 ft²) Staff room 4.10 m² (44 ft²) Toilet facilities Basement store
LEASE TERMS
A new occupational lease is available on proportional full repairing and insuring terms inside the Landlord and Tenant Act 1954. The length of the lease is flexible dependent on the tenant’s requirements. We believe the property can be used for all uses within Use Class E of the Town and Country (Use Classes) Order 1987, as amended including retail, offices including estate agents and café.
RENT
£30,000 per annum payable quarterly in advance.
SALES
The owners would consider selling their long leasehold interest in the premises with vacant possession. The property is owned by means of a long lease with in excess of 970 years unexpired on proportional full repairing and insuring terms which will be replicated within any occupational lease. The guide price is £450,000 (Four Hundred and Fifty Thousand Pounds).
BUSINESS RATES
The property is presently assessed as “Shop and Premises” with a Rateable Value of £25,750 (1st April 2023 List). For further information regarding rates payable contact Cornwall Council on tel: 0300 123 4171.
VAT
All figures quoted are exclusive of VAT where applicable. An election to tax has not been made.
SERVICES
The property is connected to mains electricity, metered water and mains drainage. We have not tested the services connected to the premises and the ingoing purchaser should carry out their own inspections.
PLANNING
Interested parties should make their own enquiries with Cornwall Council Planning Department to satisfy themselves that consent exists for the proposed use.
LEGAL COSTS
The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in the preparation and execution of a lease. In the event of a sale each party will be responsible for their own legal fees.
MONEY LAUNDERING REGULATIONS
In line with The Money Laundering Regulations 2017, Charterwood are obligated to verify ID for all clients that are conducting property transactions through the Company.
