Royal Institution of Chartered Surveyors

CHARTERWOOD
Chartered Surveyors & Commercial Property Consultants

 
 
    Home
    Services
    About Us
    News
    Print Page

  Commercial Property:

     Bodmin
     Boscastle
     Bude
     Bugle
     Camborne
     Dartmouth
     Falmouth
     Fowey
     Hayle
     Helston
     Launceston
     Liskeard
     Mevagissey
     Newlyn
     Newquay
     Padstow
     Penryn
     Penzance
     Perranporth
     Porthtowan
     Redruth
     St Austell
     St Dennis
     St Ives
     St Just
     St Mawes
     Truro
     Wadebridge
     Whitstone
     Business
     Cafe
     Car Parking
     Commercial
     Development
     Gallery
     Garage
     Industrial
     Investment
     Land
     Licensed Premises
     Office
     Residential
     Restaurant
     Retail
     Salon
     Showroom
     Storage
     Studio/Gallery
     Takeaway
     Warehouse
     Workshop
     Yard
     - Land


    Privacy Policy


St Ives

    All St Ives Properties
    Back to Listing
    Print These Details

ATTRACTIVE INVESTMENT FOR SALE - GROUND FLOOR, BARCLAYS BANK, HIGH STREET, ST IVES TR16 1RR

ATTRACTIVE INVESTMENT FOR SALE - GROUND FLOOR, BARCLAYS BANK, HIGH STREET, ST IVES TR16 1RR
Offers are sought in the region of 900,000

Ref: 4611
  

Ornate three storey property with upper floors predominantly converted to residential flats situated in a prominent position. The freehold is purely for the Barclays Bank Investment on the ground floor.

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.

MARKET:
St Ives has prospered over recent years and properties are highly sought after with very few, if any, genuinely empty premises. Due to such demand rentals have increased significantly over recent years and as a result investments are highly sought after. There are very few large retail premises within St Ives and as such demand for such occupations, either as retail or restaurant/licensed premises, is particularly strong.

SITUATION:
The property is situated in a prominent position at the entrance to the main town centre all traffic coming through Tregenna Place looks head on to the property. The surrounding area comprises a mix of national, regional and local retail outlets along with a number of food and pub establishments with Boots being in close proximity. The adjoining premises are in the process of being refurbished for a popular retail outlet.

DESCRIPTION:
The ornate building, surprisingly not Listed, comprises three storey property with the upper floors predominantly converted to two residential flats occupied on long leasehold basis. The investment is purely the Barclays Bank Investment on the ground floor and does not include the flats. Barclays Bank occupy the ground floor banking hall comprising a large retail space with ancillary store/safe to the rear and first floor staff room. To the rear of the property is a single garage allowing one internal car space with the additional benefit of a parking space in front of the garage.

The property is presented in excellent condition.

For clarity the Property Investment is the part occupied by Barclcays.

ACCOMMODATION: (All dimensions and areas are approximate)

Ground floor
Sales, including side interview office 110.9 m (1,193 ft)

The banking hall has three large windows fronting High Street along with additional windows along the side of the building. The banking hall has a character entrance lobby, presently also incorporating cash point, with an additional side entrance and access to the upper staff room which, due to the split level of the site, is effectively a mezzanine.

Safe 17.8 m (192 ft)

Large character room.

Storeroom (former safe) 9.0 m (97 ft)

Mezzanine/first floor
Staff room 10.5 m (113 ft)

Plant room

Toilet facilities

Outside
To the rear of the property is situated a single garage providing internal car space with the additional benefit of a car space in front of the garage door no restricted parking.

LEASE DETAILS:
The property is presently occupied by Barclays Bank Plc under a standard 20-year lease commencing 21st May 2008. The tenant is effectively on a full repairing and insuring basis by means of a service charge. The present passing rent is 47,250 per annum and there is a rent review on 29th September 2022 which is presently being negotiated. There are no outstanding break clauses with guaranteed term to May 2028.

INTEREST FOR SALE:
The freehold interest in the property is offered for sale, subject to the occupational lease to Barclays Bank Plc. The long leasehold interests in connection with the residential flats above which are occupied at peppercorn rent are included but does not provide any additional income revenue or potential to occupy.

SALE PRICE:
Offers are sought in the region of 900,000 for the freehold interest.

BUSINESS RATES:
Rateable Value - 40,250 (2017 List).

For further information regarding rates payable and eligibility for Small Business Relief contact Cornwall Council on 0300 123 4171.

VAT:
We understand that VAT is not payable on the rent or the sale price.

LEGAL FEES:
Each party to be responsible for their own costs in dealing with documentation and the transaction.

SERVICES:
We have not tested the services connected to the premises and the ingoing tenant 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.

ENERGY EFFICIENCY RATING:
THIS PROPERTY HAS A RATING OF 79
Certificate Reference Number: 9437-3021-0552-0200-5021
Report Reference Number: 0540-0245-3529-7221-0002

VIEWING:
Viewing arrangements may be made through Charterwood on (01872) 261216.
Contact Chris Waters or Rosie Brenton.

    Print These Details     All St Ives Properties     Back to Listing

ATTRACTIVE INVESTMENT FOR SALE - GROUND FLOOR, BARCLAYS BANK, HIGH STREET, ST IVES TR16 1RR

ATTRACTIVE INVESTMENT FOR SALE - GROUND FLOOR, BARCLAYS BANK, HIGH STREET, ST IVES TR16 1RR



New Instructions:

Helston
Click Here! Warehouse/showroom Premises To Let Unit A, Cober House, Wheal Vrose Business Park,water
ma
trout Industrial Estate, Helston, Cornwall Tr13 0lw


Truro
Click Here! Modern Office Suites To Let Charles House, 18
21 Charles Street, Truro, Cornwall, Tr1 2pq


Truro
Click Here! Land And Premises To Let Royal Kenwyn Yard, Shortlanesend, Truro,tr4 9by

St Dennis
Click Here! Industrial/warehouse Unit To Let
Unit 1d Whitegates Industrial Estate, St Dennis Pl26 8dw


Camborne
Click Here! Ground Floor Unit To Let Unit 8, Hidderley Park, Camborne, Tr14 0fa
www.charterwood.com
17a River Street - Truro - Cornwall - UK - TR1 2SQ
Tel: 01872 261216
Fax: 01872 261359