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

**FOR SALE**

::: St Ives
::: £1,975,000
::: 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 let to Trespass Europe Limited, 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 who have been in occupation since 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 has planning consent for conversion to a residential dwelling, details of which can be found via the planning portal ref: PA20/05799

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 from 2019
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 £1400pcm

Apartment 2 Occupied on Assured shorthold tenancy at a rent of £1500pcm

Stable Vacant

Business rates/council tax

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

Rateable Value £35,500

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

Planning

Listed Building Consent has been applied for the proposed conversion of the stable and grooms quarters into a residential dwelling, as per planning application reference: PA20/05799.

Full application details are as follows:

Planning Reference: PA20/05799
Alternative Reference: PP-08885452
Application Validated: 13 July 2020
Address: Lloyds Bank, 13 High Street, St Ives, TR26 1RS
Proposal: Listed Building Consent, proposed conversion of stable and grooms quarters to residential dwelling