LOCK UP RETAIL SHOP - 65 FORE STREET, ST IVES TR26 1HE
Lease Assignment - Rent £22,500 per annum.
Lock Up retail shop with excellent retail frontage situated in the prime trading location of Fore Street in close proximity to the harbour front and The Digey.
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.
The well presented property is situated on the much sought after trading location of Fore Street, the main shopping thoroughfare, next 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.
Character property with an additional first floor level benefiting from sea views and good natural light. The basement accommodation compliments the ground and first floor retail areas and can be used for storage or even sales – it was previously a residential studio with a neighbouring right of way providing separate access via a side alley off Fore Street.
ACCOMMODATION: (All dimensions and areas are approximate)
Total sales area 25.19m² (271 ft²)
Sales area ITZA 21.60m² (233 ft²)
Sales area 25.23m² (271 ft²)
Lower Ground Floor
Store, possible sales
or residential studio 16.45m² (177ft²)
WC and shower room
The property is occupied under a 9 year lease commencing 1st December 2015 i.e. over 5 years unexpired, with 3 yearly break clauses. The passing rent is £22,500 per annum payable monthly in advance, whilst the lease incorporates 3 yearly rent reviews. The Tenant is responsible for the full repair and decoration of the premises. The property can be used for retail use but cannot be used for the sale of intoxicating liquor, as a sex shop or as a bookmakers.
There may be a possibility of negotiating a new lease with the Landlord if required.
No premium required.
Rateable Value - £16,000 2017 List
VAT will not be payable on the rent.
The ingoing Tenant to be responsible for the Landlord’s reasonable legal fees in dealing with the transaction.
We have not tested the services connected to the premises and the ingoing tenant should carry out their own inspections.
Interested parties should make their own enquiries with Cornwall Council Planning Department to satisfy themselves that consent exists for the proposed use.
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 99
Certificate Reference Number: 9920-5043-0351-1030-5060
Report Reference Number: 0516-4032-0415-0590-0391
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