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An exciting opportunity to acquire an interesting Commercial Investment in the popular coastal resort of St Ives. The property is let by way of an under lease for a term of 14 years from the 25th December 2010 at a current passing rental of £18,000 per annum subject to 5 yearly rent reviews, with the next review being the 25th December 2020.r
* Established Commercial Investment Opportunity
* Current Passing Rental £18,000 Pa
* Popular Coastal Resort
* Yield Circa 6.1%
* Rent Reviews Every 5 Years
* Epc: D90r
The subject premises extend to approximately 2000 sqft and have been occupied by the current tenant who operates a number of Businesses within the region for very many years and since December 2010 by way of the current 14 year under lease at a passing rental of £18
TENURE - LONG LEASEHOLD:
The property is to be sold with the residue of a 999 year lease which commenced on the 25th April 1978.
The premises are being sold as a Commercial Investment
General Enquiries -------------
ENERGY PERFORMANCE CERTIFICATE:
The Energy Performance Rating for this property is within D90.
We refer you to the government website https://---.---.-------.---.--/view-my-valuation/search
Prospective owners should make their own enquiries of the appropriate statutory undertakers:
Western Power: ------
South West Water: ------
Transco: ------VALUE ADDED TAX:
All the above prices/rentals are quoted exclusive of VAT
For further information or an appointment to view please contact:-
Paul Collins on ------or via email [email protected] or
Graham Timmins on ------or via email [email protected]
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] No responsibility is taken for expenses incurred should the property be sold
The Old Quaymarket is situated in the heart of the centre of the cosmopolitan coastal resort of St Ives.
St Ives is widely acknowledged as one of the UK's most popular tourist destinations attracting hundreds of thousands of visitors year round and is home to the Tate