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LEASE ASSIGNMENT - HUDSON GALLERY, 33 FORE STREET
Offers are sought for the lease in the sum of £95,000. |
The property is situated in a prime trading location midway along the highly sought after Fore Street.
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 a prime trading location midway along the highly sought after Fore Street. Situated next to Mountain Warehouse, other occupiers are a mix of national retailers, including Fat Face, Seasalt, Crew Clothing as well as regional and local traders. Fore Street is within easy walking distance of both the Sloop pay & display car park and the busy harbour front.
DESCRIPTION:
The immaculately presented shop has excellent traditional retail frontage on to Fore Street with good natural light provided both by the shop front and rear windows with elevated views over the roof tops towards the harbor and Gwithian lighthouse. The shop benefits from good tracked spotlighting throughout, a regular shape and character ply wood finished flooring.
ACCOMMODATION: (All dimensions and areas are approximate)
Total retail floor area 64.8m² (698ft²)
Shop width approx. 4 metres
Shop depth approx. 12 metres
Staff/Kitchen facility 3.2m² (34ft²)
Lower ground floor
Store 14.4m² (155ft²)
Toilet facilities
LEASE DETAILS
The property is occupied under a 12 year lease commencing 25th March 2015 i.e. over 10 years unexpired with, we understand, a break clause in 2020. The passing rent is £24,500 per annum payable quarterly in advance whilst the lease incorporates 3 yearly rent reviews – next rent review is 25th March 2018. The Tenant is responsible for the internal repairs and decoration as well as decoration of the exterior. The property can be used for retail use but cannot be used for the sale of food or drink.
PREMIUM:
Offers are sought for the lease in the sum of £95,000 (Ninety Five Thousand Pounds).
BUSINESS RATES:
Rateable Value £19,250 (2010 list).
For further information regarding rates payable, contact Cornwall Council –
Tel: 0300 1234171.
VAT:
Figures are quoted exclusive of VAT where applicable.
LEGAL FEES:
The purchaser to be responsible for the tenants reasonable legal fees in dealing with the transaction.
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.
VIEWING:
Viewing arrangements may be made through Charterwood on (01872) 261216.
Contact Chris Waters or Jo Counter.
ENERGY EFFICIENCY RATING - 79
Certificate Reference Number: 0070-2939-0355-0581-0060
Report Reference Number: 9206-4087-0355-0001-5901
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