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GRADE II LISTED WELL LOCATED AFFORDABLE GROUND FLOOR LOCK UP SHOP - 1 MARKET HOUSE, MARKET PLACE, ST IVES
Assignment of existing 9 year lease commencing 25th March 2015 at a rent of £10,335 per annum. |
Ground floor lock up up with double entrance doors and two window displays situated in Market Place fronting the start of Fore Street, being the prime trading location in St Ives and a short distance from the harbour front.
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 Market Place fronting the start of Fore Street, being the prime trading location in St Ives and a short distance from the harbour front. Market Place is a popular area with a mix of retail and food outlets with residential above. Nearby occupiers include Moshulu, Jo Downs Glass and Scoff Troff.
DESCRIPTION:
The property comprises a ground floor lock up shop with double entrance doors and two window displays. The property is in good decorative condition and has wood flooring throughout. There is a shared WC accessed via a separate door at the rear of the property.
ACCOMMODATION: (All dimensions and areas are approximate)
Total Sales area 24.8 m² (266 ft²)
LEASE TERMS:
The premises are available by way of an assignment of the existing 9 year lease commencing 25th March 2015 at a
rent of £10,335 per annum payable quarterly in advance. The lease is an internal repairing, decorating and insuring lease and has 3 yearly rent reviews. The March 2020 review is outstanding but should be agreed shortly.
The property cannot be used for the sale of food. However we are advised that pre-packed food e.g, confectionary, fudge is allowed. As is the sale of drinks.
PREMIUM:
A premium is sought at around £15,000.
BUSINESS RATES:
Rateable Value £12,750 (2017 list). Subject to eligibility the property qualifies for small business rate relief.
For further information regarding rates payable and eligibility for small business relief contact Cornwall Council.
Tel: 0300 1234171.
VAT:
All figures quoted are exclusive of VAT where applicable.
SERVICES:
We have not tested the services connected to the premises and the ingoing purchaser 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.
LEGAL COSTS:
The ingoing assignee to be responsible for the assignor’s and landlord’s reasonable legal costs incurred in the
preparation and execution of the assignment of the lease.
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 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 62 WITHIN BAND C
Certificate Reference Number:0130-0630-6012-4023-3006
Report Reference Number: 0230-3203-0410-6100-6040
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