GRADE LISTED II PRIME RETAIL PREMISES FOR SALE OR TO LET - 55 FORE STREET, ST IVES TR26 1HE
New FRI on flexible terms at a rent of £30,000 pa. Purchase price offers in excess of £500,000.
Property comprises a ground floor shop with basement storage and first and second floor residential accommodation which can be self-contained. The property is situated on the much sought after trading location of Fore Street.
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.
The property is situated on the much sought after trading location of Fore Street, the main shopping thoroughfare and in close proximity to the harbour front and The Digey, which gives direct access to the Tate Gallery. Other nearby occupiers include the Seafood Café, Crew Clothing and Joules.
The property comprises a ground floor shop with basement storage and first and second floor residential accommodation which can be self-contained with a rear access to the Wharf. The basement storage area can potentially also be used as a self-contained residential studio, subject to alterations and planning.
ACCOMMODATION: (All dimensions and areas are approximate)
Total sales area 36.9 m² (397 ft²)
The shop area has exceptionally large shop windows either side of the central doorway fronting Fore Street with granite stepped access and features including exposed beams and granite fireplace.
Basement 10.5 m² (113 ft²)
Store 6.8 m² ( 73 ft²)
Store/Kitchen 16.7 m² (180 ft²)
Toilet WC/wash hand basin
The accommodation benefits from air conditioning and has separate rear entrance to yard and lane leading to The Wharf. The accommodation could potentially be converted to self-contained studio flat, subject to Listed Building Consent and planning.
Kitchen 3.0 m x 2.1 m – fully fitted with base and wall units along with sink unit.
Bathroom 2.3 m x 3.0 m – bath with shower, WC and wash hand basin
Bedroom 1 max 3.0 m x 3.4 m
Bedroom 2 2.8 m x 3.4 m
Office/bedroom 3 1.5 m x 2.5 m
Lounge 5.5 m x 2.8 m
Attic conversion with three Velux windows providing exceptional roof top views to the main harbour front and beyond to Gwithian.
A new full repairing and insuring lease is available on flexible terms inside the Landlord and Tenant Act at a rent of £30,000 per annum.
Premium sought in the region of £50,000.
FREEHOLD PURCHASE PRICE:
Freehold with vacant possession offers sought in excess of £500,000.
Rateable Value - £19,250 (2017 List)
VAT will not be payable on the rent or purchase price.
The ingoing Tenant to be responsible for the Landlord’s reasonable legal fees in dealing with a lease transaction.
We have not tested the services connected to the premises and the ingoing tenant should carry out their own inspections. The property has gas central heating and air conditioning units in the ground floor and basement.
Interested parties should make their own enquiries with Cornwall Council Planning Department to satisfy themselves as to planning for both its existing and any proposed uses.
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.
Viewing arrangements may be made through Charterwood on (01872) 261216.
Contact Chris Waters or Jo Counter.
ENERGY EFFICIENCY RATING:
THIS PROPERTY HAS A RATING OF 49 (Band B)
Certificate Reference Number: 0230-3970-0311-7580-6080
Report Reference Number: 9378-4083-0711-0600-5021