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Retail Property (high street) for sale

1, Fore Street, St Ives, Cornwall

Under Offer 1,250 sq. ft. | £750,000

Property Description

Commercial information

  • 1,250 sq ft (116 sq m)

Key features

  • FOR SALE
  • IN THE HEART OF ST IVES
  • 1,250 SQ FT (116.10 SQ M) IN TOTAL
  • 332 SQ FT ITZA RETAIL UNIT PLUS 3 BED APARTMENT WITH SEA VIEWS
  • POTENTIAL FOR INDEPENDENT ACCESS TO THE APPARTMENT (STP)
  • POTENTIAL FOR TOP FLOOR ROOF TERRACE (STP)
  • EPC AVAILABLE ON APPLICATION

Full description

A rare opportunity to acquire the freehold with vacant possession of a prestigiously located retail unit with a 3 bedroom flat above it in the heart of St Ives on the prime shopping street. The property benefits from a sales area of 420 sq ft and the residential flat totals approximately 830 sq ft.

There is the potential for the flat to be accessed separately from a disused side entrance (subject to planning) to be let out or sold independently of the retail unit. There is also a large flat roof with access that has potential to be developed into a roof terrace (subject to planning).

Local occupiers include Joules, Musto, Crew, Fatface, Seasalt as well as an abundance of local pubs and restaurants. St Ives has a burgeoning art and jewellery market and within close proximity are a multitude of boutique art shops, studios and galleries including The Tate, St Ives.

Location - 1 Fore Street benefits from an extremely prominent corner location in the heart of St Ives on the prime shopping street, a few moments walk to the waterfront. Tate St Ives is approximately 5 minutes' walk away and the station is under 10 minutes' walk away. Nearby occupiers include Musto, Joules, Crew, Seasalt and Fat Face as well as a multitude of pubs, restaurants, art galleries and boutiques.

Description - The property comprises a ground floor retail unit totalling 421 sq ft (332 sq ft ITZA) with a 3 bedroom residential flat over the first and second floors with sea views over St Ives Bay. There is the potential for the residential apartment to be accessed separately from the retail unit (subject to planning) by way of a side entrance onto Lifeboat Hill. The apartment has enormous potential as independent accommodation to the retail unit and has a large flat roof, accessed via an internal staircase that could, subject to planning, be converted into a roof terrace. The picture on the front cover shows the view from the roof.

Schedule Of Accomodation - Second floor - 431 sq ft (40.07 sq m) including 2 bedrooms, bathroom and sitting room
First floor - 397 sq ft (36.89 sq m) including living room/dining room, kitchen and bedroom/study and WC.
Sales area ITZA - 332 sq ft (30.88 sq m)
Total - 1,250 sq ft (116.10 sq m)

Legal Costs - Each party to bear their own legal costs in connection with the transaction.

Epc - An EPC has been applied for and can be made available on request.

Business Rates - We understand the rates payable on the retail unit to be circa £7,320 per annum however, the purchaser is not to rely on this information but is to make their own enquiries with the local authority

Vat - All the above prices are quoted exclusive of VAT, where applicable.

Contact Details - For further information or to arrange a viewing please contact sole agents, Miller Commercial:
Thomas Smith - 01872 247013 - ts@miller-commercial.co.uk

PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate.

AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.

Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.

VIEWING: Strictly by prior appointment through Miller Commercial.


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