St Ives

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GROUND FLOOR LOCK UP SHOP TO LET - 11 MARKET PLACE, ST IVES TR26 1RZ

New proportional FRI lease on flexible terms inside the Landlord and Tenant Act - Rent £14,000 pa

Ground floor lock up shop with sales and ancillary situated in Market Place in close proximity to the prime trading location of Fore Street 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 in close proximity to the prime trading location of Fore Street and is 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, Scoff Troff and a number of boutique, glass and gallery units.

DESCRIPTION:
The property comprises a ground floor lock up shop with sales and ancillary storage. The property has good lighting and laminate flooring throughout with a traditional window frontage. The shop is accessed via a shared recessed access.

As will be noted later, the property benefits from a low rateable value with a result that any business should be able to benefit from no rates liability which is of particular benefit in such a busy trading location.

ACCOMMODATION: (All dimensions and areas are approximate)

Shop width (max) 2.9 m
Shop depth (max) 6.8 m
Total Sales area 19.1 m² (206 ft²)
Store/staff 7.2 m² ( 77 ft²)

LEASE TERMS:
The unit is available on a new proportional full repairing and insuring lease on flexible terms inside the Landlord and Tenant Act 1954.

The property is suitable for retail or offices – no food or drink can be sold from the property.

RENT:
£14,000 per annum exclusive.

PREMIUM:
Unusually for this location and size of unit no premium is sought for the grant of a new lease.

BUSINESS RATES:
Rateable Value £8,800 (2017 list).

Subject to the property being the rate payer’s only business premises there should be qualification for 100% 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 tenant will be responsible for the landlord’s reasonable costs incurred in the preparation and execution of the lease.

VIEWING:
Viewing arrangements may be made through sole agents Charterwood on (01872) 261216.
Contact Chris Waters – chris@charterwood.com

ENERGY EFFICIENCY RATING:
THIS PROPERTY HAS A RATING OF 78
Certificate Reference Number:0110-0336-2379-1398-9002
Report Reference Number:0991-9382-7340-1300-1603

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