FOR SALE/TO LET RETAIL PREMISES - FORMER SUE RYDER SHOP, TREGENNA PLACE (ADJOINING THE CO-OP SUPERMARKET), ST IVES - St Ives - Cornwall

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:
Tregenna Place and Tregenna Hill has a number of boutique style shops including specialist chocolate sales and interiors interspersed with busy nationals including the Co-op, adjoining the property on the one side, and Wetherspoons on the other side. Osbornes, a local busy supermarket, has recently relocated opposite the subject premises whilst the former NatWest, again in close proximity, has benefitted from a very high standard refurbishment to create a wine and pizza bar with high-end letting rooms which will undoubtedly be a draw to the area.

DESCRIPTION:
The two-storey property offers good traditional window frontage onto Tregenna Place with open sales area and, to the rear, steps leading down to additional sales space. The basement is accessed from the rear and provides dry ancillary storage whilst the stairwell to the upper accommodation is situated close to the main entrance door and therefore could potentially be converted to provide separate self-contained access to the upper floor and roof void. On the mezzanine level, to the rear of the property, is situated toilet facilities, kitchenette and office whilst the first floor comprises former sales now used as a large open plan storage and sorting area benefitting from good natural light from windows fronting Tregenna Place as well as the rear.

Although the property has always been used for retail purposes, nevertheless under the new planning the property is capable of being used for café/restaurant purposes for which the first-floor accommodation would provide an attractive seating area.

ACCOMMODATION: (All dimensions and areas are approximate)

Ground Floor
Retail Max frontage 6m Max depth 8.2 m
Main sales 45.3 m² (480 ft²)
Lower sales 24.5 m² (264 ft²)Total Sales 69.8 m² (751 ft²)

Rear store 2.1 m² (23 ft²)

Basement
Storage 22.4 m² (241 ft²)

Mezzanine
Kitchen 4.5 m² (48 ft²)
Office 7.7 m² (83 ft²)
Open plan sales/storeroom 39.0 m² (420 ft²)
Toilet facilities

LEASE:
The landlord would consider offering a lease on flexible terms, being full repairing and insuring for a term to be agreed and at a rent of £21,500per annum. The lease will be inside the Landlord and Tenant Act.

FREEHOLD:
The landlord would consider selling the property at an asking price of £375,000.

BUSINESS RATES:
Rateable Value - £18,000 (2017 List)

For further information regarding rates payable contact Cornwall Council. Tel: 0300 1234171.

SERVICES:
We understand the property is connections to mains electricity, water and drainage. However, we have not tested the services connected to the premises and the ingoing tenant should carry out their own inspections.

VAT:
We understand the property is not VAT registered.

LEGAL COSTS:
The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in the preparation and execution of the lease. In the event of a freehold sale each party to bear their own legal costs.

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.

ENERGY EFFICIENCY RATING: BAND D
THIS PROPERTY HAS AN ENERGY EFFICIENCY RATING OF 85
Certificate Reference Number: 4806-0408-7140-8346-1024
Report Reference Number: 3816-4147-46563-7689-7949

VIEWING:
Viewing arrangements may be made through sole agents Charterwood on (01872) 261216.

Contact Chris Waters – chris@charterwood.com
or Rosie Brenton – rosie@charterwood.com