St Ives

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RETAIL INVESTMENT PREMISES FOR SALE - THE GREEN DOOR HEALTH STORE, TREGENNA PLACE

Offers sought for the freehold interest.

Ground floor lock up shop situated on one of the main access streets into the town centre.

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 within Tregenna Place, one of the main access streets into the town centre. Near by occupiers include Cost Cutters Convenient Store, Warrens Bakery, The Co-op, Barcalys Bank, Natwest Bank and Wetherspoons pub along with a mix of local and regional outlets including Estate Agents.

DESCRIPTION:
The premises comprise a ground floor lock up shop occupied on standard proportional full repairing and insuring lease. The shop has been occupied for many years as a Health Food and Deli style premises, presently trading as The Green Door Health Store.

The upper floors have been separately sold off for residential purposes and are occupied on long leasehold interest at an annual rent of £25.

ACCOMMODATION: (All dimensions and areas are approximate)

Main accommodation – sale of shop
Max depth 13.2m
Max width at front 4.1m
Total sales space 44.9m² (483 ft²)
Rear store 7.9m² (128 ft²)
Staff toilet fascilities

SERVICES:
We understand the property is connected to mains electricity, water and drainage. However, we have not tested the services connected to the premises.

FREEHOLD SALE:
£200,000 is sought for the freehold interest subject to the long leasehold interest on the residential accommodation and occupational lease on ground floor.

LEASE TERMS:
The shop is occupied under a proportional full repairing and insuring lease for a term of 9 years commencing 18th April 2009. The present passing rent is £15,000 per annum.

The first and second floor residential accommodation is occupied on a 999 year lease commencing 25th December 1987 at a rent of £25 per annum. The tenant is liable to contribute two thirds of the costs of insurance and common repairs.

VAT:
We understand that the property is not registered for VAT and that VAT will not be payable on the sale price.

LEGAL COSTS:
Each party to bear their own respective legal costs incurred in the transaction.

PLANNING:
Interested parties satisfy themselves that the use complies with the existing planning consent.

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 - 72
Certificate Reference: 9627-3008-0067-0101-5721
Recommendation Report: 0561-0146-2079-7028-7002

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