GRADE II LISTED PRIME RETAIL AND RESIDENTIAL INVESTMENT FOR SALE - 40 FORE STREET, ST IVES - St Ives - Cornwall

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, opposite Cornish Bakehouse 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 and Joules.

DESCRIPTION:
The well-presented property comprises a ground floor character retail shop with a one bedroomed self-contained apartment above. The shop is currently let but the apartment is vacant and can be used either as owner occupier accommodation or a holiday let. The shop has low ceilings and a tiled floor. There are two windows at the front of the premises and one on the side, all with deep sills ideal for window displays. The shop has a shared main entrance with the flat above. There is a small sink and two cupboards for storage space.

The flat is immaculately presented with many original features including exposed beams, granite and brickwork details and vaulted ceilings. The flat has an open plan living accommodation comprising living/dining room/kitchen, a double bedroom and shower room. Two windows overlooking Fore Street with cushioned seats within the lounge and a well fitted kitchen with wall and base units. The flat has gas central heating.

ACCOMMODATION: (All dimensions and areas are approximate. We have relied on our measurement of the premises and all interested purchasers should satisfy themselves as to the dimensions prior to acquisition).

Shop
6.2m x 3.45m
Sales area 21.4m² (230 ft²)

First Floor
Lounge/Kitchen 3.8m x 3.7m
2.7m x 1.9m

Bedroom 2.2m x 3.7m

Shower room 1.8m x 2.6m

FREEHOLD:
£399,000 is sought for the freehold interest. The flat is offered with vacant possession whilst the shop is offered subject to a 3 year lease.

LEASE DETAILS:
The ground floor shop is let on an internal repairing and insuring basis under a lease dated 7th May 2019 at a rent of £15,000 per annum for three year term. The lease is inside the Landlord and Tenant Act.

BUSINESS RATES:
Rateable Value - £13,250 (2017 list)

VAT:
VAT will not be payable.

LEGAL FEES:
Each party to be responsible for their own legal fees.

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 Jo Counter
or Joint Agents Harding Laity

ENERGY EFFICIENCY RATING:

THIS PROPERTY HAS A RATING OF 72 (Band C)
Certificate Reference Number: 0910-0834-8999-1800-8092