St Ives

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IN CONFIDENCE - LONG ESTABLISHED GOING CONCERN BUSINESS - 22 FORE STREET

Occupied under a 12 year lease ending September 2019 at a present rent passing of £18,000 p,a.

Ground floor shop premises located 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 retailing location of Fore Street, an all year round busy retail area which comprises numerous popular restaurants, take-away’s and retail outlets. The property is in close proximity to a mixture of national retailers, including Fat Face, Seasalt, Mountain Warehouse as well as regional and local traders and is within easy walking distance of both the Sloop pay & display car park and the busy harbour front.

DESCRIPTION:
The ground floor retail premises are of regular shape with extensive retail frontage – the property has a total width of over 10m.
ACCOMMODATION: (All dimensions and areas are approximate)

Total retail floor area - 45.3m² - (487 ft²)
Shop width (including partitioned staff room) 12.14m
Shop depth (max) 4.6m
Toilet facilities

THE BUSINESS:
The property has successfully traded as a fudge & ice cream retail outlet for more than 20 years and detailed trading information is available to serious applicants. The business is available due to the owners imminent retirement.

LEASE DETAILS
The property is occupied under a 12 year lease ending 29th September 2019 at a present rent passing of £18,000 per annum. The lease is under a protected tenancy under the Landlord & Tenant Act although all potential purchasers should seek legal advice to clarify their rights for renewal.

SALE PRICE:
The business is offered as a going concern enterprise, including all fixtures, fittings and subject to an agreed inventory of equipment, at an asking price of £75,000. Stock at valuation.

BUSINESS RATES:
Rateable Value £22,250 (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:

THIS PROPERTY HAS A RATING OF 101

Certificate Reference Number: 9545-3096-0456-0200-5325
Report Reference Number: 0550-0245-4469-5926-3006

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