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Fore Street, St. Ives, Cornwall, TR26

Let Agreed £1,875 pcm
952 sq. ft.

Property Description

Commercial information

  • 952 sq ft (88 sq m)

Letting information:

Furnishing: Unfurnished

Key features

  • LEASE ASSIGNMENT
  • PREMIUM SOUGHT OF OFFERS IN EXCESS OF 30,000.

Full description

Tenure: Freehold

SITUATION:
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 Caf, Crew Clothing, Joules and Jack Wills.

DESCRIPTION:
Character property with an additional sales area at 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)

Ground Floor
Total sales area 25.19m (271 ft)
Sales area ITZA 21.60m (233 ft)

First Floor
Sales area 25.23m (271 ft)

Lower Ground Floor
Store, possible sales
or residential studio 16.45m (177ft)

WC and shower room

LEASE DETAILS:
The property is occupied under a 9 year lease commencing 1st December 2015 i.e. over 7 years unexpired, with we understand 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.

PREMIUM:
Offers in excess of 30,000.

BUSINESS RATES:
Rateable Value - 16,000 2017 List

VAT:
VAT will not be payable on the rent.

LEGAL FEES:
The ingoing Tenant to be responsible for the Landlord's reasonable legal fees in dealing with the transaction.

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.

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

VIEWING:
Viewing arrangements may be made through Charterwood..
Contact Chris Waters or Jo Counter.


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