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GROUND FLOOR LOCK UP SHOP IN PROMINENT LOCATION TO LET - UNIT 2, CHAPEL VIEW, ROYAL SQUARE, ST IVES TR26 2ND
Assignment of existing six year lease commencing 1st February 2019. |
Prominently located ground floor lock-up shop situated in one of the main "entrance ways" to the town centre opposite the busy bus drop off point. The property benefits from prominent window frontage onto Royal Square.
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 one of the main “entrance ways” to the town centre opposite the busy bus drop off point. Occupiers within the vicinity include the town cinema, Co-op convenience store as well as numerous offices, shops and restuarants.
DESCRIPTION:
The property benefits from prominent window frontage on to Royal Square and comprises effectively of open plan space suitable for either shop or office use. The present tenant has created a small storeroom and kitchenette which could be re-incorporated within the main sales space. The property benefits from side access/alley to a small outside storage yard/bin store.
ACCOMMODATION: (All dimensions and areas are approximate)
Shop width 5.85m
Retail depth max 9.14m
Total sales space, including
store and kitchen 50.6m² (544ft²)
LEASE:
The property is offered by means of a lease assignment. The present lease is for a 6 year term commencing 1st February 2019 on effectively proportional full repairing and insuring terms by means of a service charge. The present rent is £11,000 per annum. The Tenant has a break clause with effect from 31st January 2023 by giving mimum six months notice prior written notice. The lease is contracted outside the Landlord and Tenant Act 1954 with no security of tenure.
BUSINESS RATES:
Assessed as Shop and Premises with a rateable value of £8,000 (2017 list). The property should be eligible for small business relief subject to eligibility.
For further information regarding rates payable and eligibility for small business relief contact Cornwall Council.
Tel: 0300 1234171.
SERVICES:
We understand the property is connected 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 that the property is not VAT registered.
PLANNING:
Interested parties should make their own enquiries with Cornwall Council Planning Department to satisfy themselves that consent exists for the proposed use.
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.
LEGAL COSTS:
The ingoing tenant will be responsible for the landlord’s reasonable costs incurred in the preparation and execution of the lease.
VIEWING:
Viewing arrangements may be made through sole agents Charterwood on (01872) 261216.
Contact Chris Waters – chris@charterwood.com
or Jo Counter – jo@charterwood.com
ENERGY EFFICIENCY RATING:
THIS PROPERTY HAS A RATING OF 68 (BAND C).
Certificate Reference Number:0220-2205-0390-9850-0020
Report Reference Number: 2292-4052-0009-0000-8521
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