St Ives

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GRADE II LISTED CHARACTER SHOP - DIGEY COTTAGE, 1 THE DIGEY, ST IVES TR26 1HR

Lease offering on flexible terms for a full repairing and insuring lease.

Grade II Listed character shop situated in a prominent corner location at the junction between The Digey and Virgin Street, visible from Fore Street.

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 a prominent corner location at the junction between The Digey and Virgin Street and in close proximity, indeed visible from, Fore Street – the prime cobbled street on which retail units are highly sought after by national, regional and local outlets.

The immediate vicinity of the premises comprises a mix of small character shops, restaurants and holiday cottages, interspersed with local private residential accommodation, formerly fishermen’s cottages. The Digey is a busy cobbled cut-through from the town centre to Porthmeor Beach and the very busy Tate Gallery.

DESCRIPTION:
The three-storey premises, a former dwelling and until recently used as a holiday cottage, comes to the market for the first time as retail premises and is presented in immaculate condition throughout. The property comprises large open plan ground floor accommodation with feature exposed beams, granite fireplace and fitted kitchen. The property has cottage style retail windows on two facades, visible from Fore Street. The first-floor comprises a small bathroom and store/sales room with additional storeroom on the second-floor.

ACCOMMODATION: (All dimensions and areas are approximate)

Ground Floor
Sales 31.3 m² (337 ft²)

First Floor
Sales/store 8.1 m² (87 ft²)
Bathroom – shower, WC and wash hand basin

Second Floor
Sales/store 4.6 m² (50 ft²)

LEASE TERMS:
The property is offered on flexible terms for a full repairing and insuring lease within the Landlord and Tenant Act with security of tenure.

RENT:
£30,000 (Thirty Thousand Pounds) per annum.

PREMIIUM
Offers sought for the grant of a new lease inside the Landlord and Tenant Act.

BUSINESS RATES:
The property is presently assessed as self-catering accommodation with a Rateable Value of £3,350 (2023 Rating List). The property will be re-valued for its proposed retail use.

Rate relief is presently available for retail premises subject to qualification. Applicants should make their own enquiries with the charging authority to clarify the rates liability.

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

LEGAL COSTS:
The ingoing tenant will be responsible for the landlord’s reasonable legal costs incurred in the preparation and execution of the lease.

SERVICES:
The property has full gas central heating.

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
THE PROPERTY HAS AN ASSESSEMENT OF 65
Certificate Reference No. 7334-0827-8300-0209-5292

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

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