St Ives

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GRADE II LISTED PRIME RETAIL SHOP TO LET - 71-73 FORE STREET, ST IVES TR26 1HE

Assignment of existing lease is offered at a rent of £28,000 per annum on FRI terms.

Character Grade II Listed property with dual window frontage on to Fore Street and comprising recently refurbished ground and first floor sales presents used as a gallery.

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 Saltrock, Gullz R Us and in close proximity to the harbour front and The Digey, which gives direct access to the Tate Gallery. Other nearby occupiers include the popular Seafood Café, Crew Clothing and Joules.

DESCRIPTION:
The property is fortuitously on the market due to the fact that the present occupier is relocating to alternative premises in St Ives.

The character Grade II Listed property, with dual window frontage on to Fore Street, comprises a recently refurbished ground and first floor sales presently used as a gallery. Nevertheless, the area is available for use for either similar or alternative retail purposes but is prohibited from use as a café/restaurant. Although the ground floor has two small windows either side of the central doorway, nevertheless the first floor provides excellent retail space with exposed beams, wooden floors and efficient lighting system (for clarity, the fitted tracking belongs to the property whilst the lights themselves belong to the tenant and although available by negotiation and agreement to price otherwise will be removed).

The property is presented to a high standard of finish and decoration throughout.

ACCOMMODATION: (All dimensions and areas are approximate)

Ground Floor
Total sales area 31.1 m² (335 ft²)
Kitchen 7.4 m² (80 ft²)
Bathroom

Mezzanine Floor
Sales 8.0 m² (86 ft²)

First Floor
Sales area 33.6 m² (362 ft²)

LEASE DETAILS:
An assignment of the existing lease is offered. The lease was granted for a term of six years commencing 7th September 2020, i.e., approximately four years unexpired at a rent of £28,000 per annum on full repairing and insuring terms. There is a tenant break clause effective from 31st August 2023.

PREMIUM:
Offers sought in the region of £10,000.

BUSINESS RATES:
Rateable Value - £27,500 (1st April 2017 List).

For further information regarding rates payable and eligibility for small business relief contact Cornwall Council.
Tel: 0300 1234171.

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.

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.

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

ENERGY EFFICIENCY RATING:
THIS PROPERTY HAS A RATING OF 70 (BAND C)
Certificate Reference Number: 9846-3016-0019-0400-0421
Report Reference Number: 0080-0441-4099-6126-4002

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