13, High Street, St Ives, Cornwall, TR26 1RS

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FOR SALE

::: St Ives

::: £2,600,000

::: Freehold

 
 

A unique opportunity to acquire a substantial and imposing property in one of the south west's most sought after harbour towns.

Ground floor shop recently refurbished and let to trespass europe ltd, two fully refurbished self contained 2/3 bedroom apartments with harbour views.

Rear car park for approximately 10 cars plus a small cottage property with pending consent for residential conversion.


 
 

Location

The property is situated on the High Street in St Ives, one of the busiest and sought after harbour towns in the South West of England. The area has become renowned for its attractive coastline, variety of beaches and is one of the principal tourist destinations in the county of Cornwall.

The town is situated approximately 5 miles north of the A30, approximately 10 miles north of Penzance and 25 miles west of the cathedral city of Truro.

The town benefits from a branch rail line connection, often featured as one of the most attractive train journeys in the world. Newquay Airport is situated approximately 20 miles to the east and offers regular flights to London and other UK destinations.

The property itself is situated on the High Street within easy walk of the many galleries and restaurants the town has to offer.


Description

The property comprises a ground floor and basement retail unit, currently occupied by Trespass Europe Limited. The property has recently been fully refurbished and let to Trespass, having opened their new store in December 2019.

The remarkably quiet upper parts of the property are accessed from the High Street and have been refurbished to create two stunning apartments, both of which have generous room sizes and ceiling heights, each offering a variety of interesting views across St Ives Harbour and Porthminster Beach.

To the rear of the property there is a large car park which has recently been resurfaced and can house up to 10 cars, very much a rarity in this location. In addition to this, there is a stable building which is primed for conversion for residential use.


The property represents a very rare opportunity to acquire such a significant amount of freehold land and buildings in this truly spectacular location.


Accommodation

Ground Floor
Sales 122 sq m (1,313 sq ft)
First Floor Apartment
Living Room 26.50 sq m (285 sq ft)
Bedroom 1 12.72 sq m (137 sq ft)
Bedroom 2 14.59 sq m (157 sq ft)
Kitchen/diner 20.59 sq m (222 sq ft)
Bathroom/WC
Second Floor Apartment
Living Room 18.02 sq m (194 sq ft)
Bedroom 1 11.52 sq m (124 sq ft)
Bedroom 2 16.28 sq m (175 sq ft)
Kitchen/diner 32.12 sq m (346 sq ft)
Bathroom/WC


Occupational Leases

Ground Floor

The entirety of the ground floor and basement is let to Trespass Europe Limited on the following terms:

 

Term: 10 years
Tenant break: Year 5
Rent: £40,000 per annum
Guarantor: Jacobs and Turner Limited
Repair: Proportional full repairing and insuring

 

Apartment 1 Occupied on Assured shorthold tenancy at a rent of £1200pcm

Apartment 2 Vacant

Stable Vacant


Business rates/council tax

We understand that the ground floor of the property is assessed for business rates as follows:

Rateable Value £32,500

Council Tax We understand the property is yet to be assessed for council tax purposes.


Planning

A decision is pending for the conversion of the former rear stable building as per planning application reference: PA19/03551.

The application provides for the conversion into a 2 bedroom residential cottage with harbour views.


Price

Freehold Guide Price £2,600,000

 
 
 

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Map view

 
 
 

Further details