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PRIME RETAIL PREMISES WITH BASEMENT FLAT FOR SALE - 53 FORE STREET
£425,000 is sought for the freehold interest with vacant possession |
Situated on the much sought after trading location of Fore Street, the well presented retail shop has first floor accommodation suited to residential use, subject to planning, along with a one bed self-contained basement flat
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, adjacent to Myrings Fudge & Rock Shop and in close proximity to the harbour front and The Digey, which gives direct access to the Tate Gallery. Other nearby occupiers include The Cook House, Crew Clothing and Joules.
The basement flat is in Court Cocking and is accessed off Wharf Road, close to Hobblers Restaurant. There is a stepped cut-through to Fore Street which arrives opposite Crew Clothing.
DESCRIPTION:
Shallow steps access the immaculately presented ground floor retail space which continues toward the rear of the premises, ideal for separate retail displays. There is potential for the rear area to be enlarged by removing the redundant, blocked-in staircase to the basement flat. Good storage and office accommodation is provided at first floor level, steps up to which are situated via the rear sales area. The first floor has the potential for residential conversion, subject to planning.
The one bed basement flat offers an open plan kitchen/dining room/lounge and a shower room with toilet and wash hand basin. We understand that neighbouring premises are leased for holiday accommodation.
ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor
Total Sales Area - 40.10m² (431 ft²)
First Floor
Room 1 - 3.85m x 4.29m 16.52m²
Room 2 - 3.70m x 2.70m 9.99m²
WC
Basement Flat
Kitchen/Dining room - 2.73m x 2.42m 13.87m²
Lounge - 3.85m x 3.21m 12.36m²
Single Bedroom - 1.25m x 2.24m 2.80m²
Shower room, WC - 1.36m x 2.24m 3.05m²
SALE PRICE:
£425,000 is sought for the freehold interest. The entire building is offered with vacant possession.
The current owner occupier may consider entering new lease terms on the basis that a purchaser prefers this option. The basement tenant would also potentially remain in occupation if vacant possession was not an essential requirement.
BUSINESS RATES:
Shop and Premises To be Assessed
Basement Flat Council Tax Band A
For further information regarding rates payable and eligibility for small business relief contact Cornwall Council. Tel: 0300 1234171.
VAT:
We understand that the premises ae not registered for VAT and therefore VAT will not be payable on the sale price.
SERVICES:
We have not tested the services connected to the premises and the ingoing tenant/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. Enquiries should also be made where change of use is being considered for the first floor coversion to residential use.
LEGAL FEES:
Each party to bear their own respective legal costs incurred in the transaction.
VIEWING:
Viewing arrangements may be made through Charterwood on (01872) 261216.
Contact Chris Waters or Stuart Sly.
ENERGY EFFICIENCY RATING:
Certificate Reference Number: 0740-0434-4649-2503-3002
Report Reference Number: 0392-0434-4540-7600-4403
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