Property provides open-plan retail accommodation with character frontage and recessed entrance and is situated in Fore Street, the main retailing centre of the town.
Key Features
Excellent retail frontage and prime trading location.
Open plan retail accommodation on ground floor with additional sales and storage on first and second floors.
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 property is situated in Fore Street, the busy main retail centre of the town predominantly made up of boutique local and regional traders interspersed with a number of nationals and restaurants. Within the immediate vicinity of the premises are Seasalt Cornwall, Fat Face, Finisterre and White Stuff. The property is a short distance from the town’s beaches, RNLI Lifeboat Station and harbour front.
DESCRIPTION
The property provides open-plan retail accommodation on the ground floor, with additional sales and storage space arranged over the first, second and basement levels. It features a character frontage with a recessed entrance and curved display windows, exposed floorboards throughout the main sales area, and good levels of natural light.
ACCOMMODATION
Ground Floor
Total sales 31.6 m² (340 ft²)
Sales ITZA 26.5 m² (285 ft²)
First Floor
Sales area 16.0 m² (172 ft²)
Store 10.5 m² (113 ft²)
Cupboard storage 2.0 m² (22 ft²)
Second Floor
Store 12.70m² (137 ft²)
Store 2.40m² (26 ft²)
Store 10.30m² (111 ft²)
Basement
Store 24.70m² (266 ft²)
WC
LEASE TERMS
The property is offered by means of an assignment of the existing lease which was granted for a term of nine years commencing 22nd January 2023. The lease is within the Landlord and Tenant Act with security of tenure.
RENT
£32,500 per annum.
BUSINESS RATES
Current rateable value (1 April 2023 to present) £25,000.
For further information regarding rates payable, contact Cornwall Council – Tel: 0300 123 4171.
VAT
We understand that no election to tax has been made and consequently there will be no VAT payable on the rental.
LEGAL FEES
Each party to be responsible for their own legal fees in the transaction.
SERVICES
We understand the property is connected to mains water, electricity and drainage.
PLANNING
Interested parties should make their own enquiries with Cornwall Council Planning Department to satisfy themselves that consent exists for the proposed use.
MONEY LAUNDERING REGULATIONS
In line with The Money Laundering Regulations 2017, Charterwood are obligated to verify ID for all clients and prospective tenants/purchasers that are conducting property transactions through the Company.
