St Ives is a Cornish seaside town which developed on the back of the fishing industry and has become a renowned centre for tourism and the arts. It boasts 4 beaches, attractive narrow streets, a harbour and a host of galleries, hotels and eateries together with the world renowned Tate gallery.
The town is situated at the terminus of a branch line which connects with the main line at St Erth and is also connected to the main A30 (3.5 miles) via the A3074. The Island car park is situated close by.
The premises are located in ‘The Fisherman’s Quarter’; a picturesque conservation area with a maze of granite and slate houses and cottages, narrow winding streets and alleyways, all leading to either the beaches or harbour. Porthmeor beach is popular with surfers with golden sand or Porthgwidden is a smaller bathing beach where seals and dolphins are seen regularly. The Tate gallery is a short walk from the complex and so too is the Barbara Hepworth Museum.
The property is centred around an attractive inner courtyard and currently comprise 14 artist’s studios, 4 cottages (one sold on a long lease) and 2 shops together with an open garage.
The buildings are of traditional granite and timber construction and include a mixture of two/three storey construction. They occupy an area of approximately 0.11 acre.
The accommodation is as follows:-
There are 14 studios ranging in size from 11 sq.m to 36 sq.m. These are all let to individual tenants apart from one utilised as an office by the owners and a store again occupied by the owners.
Retail Unit 1
A retail unit fronting Back Road East. This unit has a net internal area of 21.5 sq.m.
Retail Unit 2
A gallery and artists studio fronting Back Road East totalling 65.2 sq.m.
Holiday Let 1
A one bedroomed holiday letting unit fronting Porthmeor Road. It includes an open plan lounge/kitchen/diner with door leading to a double bedroom with en-suite wet room with shower.
Holiday Let 2
An attractive maisonette accessed via a short flight of granite steps leading to shared covered hallway. The property includes an open plan kitchen/diner with a contemporary kitchen area and quality furnishings leading to the second floor which boasts two good sized en-suite bedrooms which are currently configured as a double and twin room.
This is a 1 bedroomed maisonette accessed via the same steps as Holiday Let 2 . The accommodation comprises an open plan living area with kitchen off and stairs leading to bedroom and shower room. This property is currently let under an assured shorthold letting agreement.
An open fronted and covered privately owned parking space which is a rarity in this part of St Ives.
There may be potential (subject to statutory consents) to convert all or part of the accommodation to residential use. Floor plans showing a potential layout are available. There have been no discussions with Cornwall Council, the local planning authority.
The property is wholly owned on a freehold basis by the company, Whites Porthmeor Limited (company number 00349367) a private limited company incorporated in 1939 and has owned the property since. This is the company’s sole asset. It is proposed to sell company shares rather than the property asset which means that sale will not attract stamp duty.
Accounting information will be made available following the viewing stage.
Offers are sought In Excess Of £1,600,000.
For further information or an appointment to view please contact either:-
Mike Nightingale on 01872 247008 or via email firstname.lastname@example.org or
Tom Smith on 01872 247013 or via email email@example.com
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, let or withdrawn before inspection: [c] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent.
Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39.