St Ives

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PRIME RETAIL PREMISES TO LET - 30 FORE STREET

Assignment of existing 10 year lease. Rent - £12,500 per annum plus premium sought

Extremely well presented open plan shop situated in a prime location on the main retailing area of St Ives

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 the prime trading location of Fore Street, the main shopping thoroughfare, adjacent to The Allotment Deli and in close proximity to the harbour front. Other nearby occupiers include Mountain Warehouse, Seafood Café and I Should Coco.

DESCRIPTION:
Ground floor open plan retail space with level access through the decorative entrance door. Shallow steps lead to raised sales accommodation, storage and staff facilities. The premises are presented in an extremely good standard of decoration and are capable of being traded from immediately.

ACCOMMODATION: (All dimensions and areas are approximate)

Main sales area 19.0m² (204 ft²)
Raised sales area 18.8m² (202 ft²)
Store 7.5m² ( 81 ft²)
Staff WC

RENT:
The passing rent is £12,500 per annum, payable quarterly in advance. A rent review is due on 8 July 2015.

PREMIUM:
An ingoing premium in excess of £30,000 is sought for the remaining lease term.

LEASE TERMS:
Available by way of an assignment of the existing 10 year lease, commencing 8 July 2010. The lease is held on an internal repairing and insuring lease and is inside the Landlord and Tenant Act 1954.

BUSINESS RATES:
Rateable Value £12,750 (2010 list).
For further information regarding rates payable, contact Cornwall Council –
Tel: 0300 1234171.

VAT:
We understand that VAT is not payable on the rent.

SERVICES:
We have not tested the services connected to the premises and the ingoing tenant/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.

ENERGY EFFICIENCY RATING - D
Certificate Reference Number: 0478-3069-0611-0790-0891
Report Reference Number: 0040-0741-7610-8699-8092

LEGAL FEES:
The ingoing assignee will be responsible for the assignor’s reasonable legal costs incurred in dealing with the lease assignment documentation.

VIEWING:
Viewing arrangements may be made through Charterwood on (01872) 261216.
Contact Chris Waters or Stuart Sly.

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