GRADE II LISTED PRIME RETAIL SHOP TO LET (POSSIBLY FOR SALE) - KNILL HOUSE, 50 FORE STREET, ST IVES TR26 1HE - 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:
The property is situated midway along the much sought after trading location of Fore Street, the main shopping thoroughfare of St Ives. Nearby occupiers include the popular Brocante Furniture and Interiors, Joules (their other shop), Crew Clothing, Saltrock and numerous restaurants and food outlets.

DESCRIPTION:
The Grade II Listed property probably enjoys one of the best retail frontages in St Ives with large window width/frontage of over 10m. The retail space is presented in excellent condition, presently occupied by Joules who will shortly be vacating. The first and second floors, with internal access to the rear of the shop, provide additional storage space and potential for residential use.

ACCOMMODATION: (All dimensions and areas are approximate)

Ground floor
Total retail sales 57.1 m² (614 ft²)
Retail sales in terms of Zone A 54.8 m² (590 ft²)
Store room 6.7 m² (72 ft²)

First floor
Rooms including staff room – total 59.9 m² (645 ft²)

Second floor
Storage rooms 37.4 m² (402 ft²)

There are toilet facilities within the first floor.

The upper accommodation is capable of being used for residential purposes.

LEASE TERMS:
A new nine year lease incorporating three yearly rent reviews on full repairing and insuring terms is available. The asking rent is £50,000 per annum.

FREEHOLD SALE:
Consideration would be given to the sale of the freehold interest with vacant possession.

BUSINESS RATES:
Rateable Value £39,750 (2017 list).

For further information regarding rates payable and eligibility for small business relief contact Cornwall Council.
Tel: 0300 1234171.

VAT:
VAT will not be payable on the rent.

SERVICES:
We have not tested the services connected to the premises and the ingoing 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. However, the property is capable of being used for any use within Use Class E of the Town and Country (Use Classes) Order 1987, as amended, including retail, financial offices and café.

LEGAL COSTS:
The ingoing tenant to be responsible for the landlord’s reasonable legal costs incurred in dealing with the transaction.

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:
Viewing arrangements may be made through sole agents Charterwood on (01872) 261216.
Contact Chris Waters – chris@charterwood.com
or Rosie Brenton – rosie@charterwood.com

ENERGY EFFICIENCY RATING:
The property is currently being in the process of being assessed.