RETAIL LOCK UP KIOSK TO LET - COURT ARCADE, WHARF ROAD, ST IVES
Lease is a proportional full repairing and insuring by means of a service charge.
Excellent opportunity for prime kiosk food outlet on the harbour front in an excellent trading location midway along Wharf Road.
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.
The property is situated in an excellent trading location midway along Wharf Road, the busy thoroughfare comprising numerous popular restaurants, takeaways and retail outlets overlooking the character harbour and beach. The kiosk is in close proximity to Fore Street, an all round busy retail area, along with The Sloop car park.
Excellent opportunity for prime kiosk food outlet on the harbour front. Presently used for pasty sales but previously used for waffles and drinks, coffees/teas.
ACCOMMODATION: (All dimensions and areas are approximate)
Sales area 5.6m² (60 ft²)
£20,000 is sought for the leasehold interest.
The premises is available by way of an assignment of the existing 6 year lease commencing 20th May 2018 at a commencing rent of £7,000 per annum for the first 3 years rising to £8,000 per annum payable quarterly in advance. The lease is a proportional full repairing and insuring by means of a service charge.
Rateable Value £5,500 (2017 list)
Cornwall Council are the charging authority and enquiries regarding the rates payable and eligibility for small business relief should be made with them - Tel: 0300 1234171.
We understand that VAT is not payable on the rent.
The ingoing assignee to be responsible for the assignor’s and landlord’s reasonable legal costs incurred in the preparation and execution of the lease.
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Strictly by appointment with Sole Agent Charterwood on (01872) 261216. Contact Chris Waters or Jo Counter.