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GRADE II LISTED PRIME RETAIL PREMISES - 54 FORE STREET, ST IVES TR26 1HE
New proportional repairing and insuring lease on flexible terms |
Character property situated on the much sought after trading location of 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 on the much sought after trading location of Fore Street, the main shopping thoroughfare, next to Whistlefish, adjacent to Cath Kidston and in close proximity to the harbour front and The Digey, which gives direct access to the Tate Gallery. Other nearby occupiers include the Seafood Café, Crew Clothing, Joules and Jack Wills.
DESCRIPTION:
End of terrace character property with good window frontage on to Fore Street. The property initially consisted of two separate units which have been merged with a central doorway. Ground floor shop with ancillary kitchen and first floor stores.
ACCOMMODATION:(All dimensions and areas are approximate)
Ground Floor
Retail sales area 77.5m² (834 ft²)
Kitchenette 2.7m² (29 ft²)
First Floor
Two Store Rooms 33.3m² (358 ft²)
LEASE DETAILS
A new proportional repairing and insuring lease is available on flexible terms inside the Landlord and Tenant Act at a rent of £40,000 per annum.
Alternatively the Landlord would consider reinstating the unit to the original two self-contained shops, subject to planning and Listed Building Consent. The smaller shop units would be refurbished and would be available on flexible terms at a rent of around £24,000 per annum for the large unit and £17,500 per annum for the smaller unit which would have first floor potentially suitable for gallery sales. Premium offers would be sought.
BUSINESS RATES:
Rateable Value - £44,500 2017 List
VAT:
VAT will not be payable on the rent.
LEGAL FEES:
The ingoing Tenant to be responsible for the Landlord’s reasonable legal fees in dealing with 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.
VIEWING:
Viewing arrangements may be made through Charterwood on (01872) 261216.
Contact Chris Waters or Jo Counter.
ENERGY EFFICIENCY RATING:
THIS PROPERTY HAS A RATING OF 66
Certificate Reference Number: 0720-0833-5139-0808-8002
Report Reference Number: 0890-0885-3840-7100-2303
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