Residential Property For Sale Porthmeor Road, St Ives, Cornwall, TR26 1NW

An investment/development opportunity in the heart of St Ives. The buildings are located close to the area known as the Island and are situated within easy reach of Porthmeor Beach, the town centre, the harbour and beach and the Tate Gallery. The property is centred around an attractive inner courtyard and currently comprise 14 artists studios, 3 cottages and 2 shops together with an open garage. It is considered that there is potential to either further expand the income or convert the buildings to residential use, subject to the usual statutory consents.r

* Unique Investment Opportunity
* Possible Development Potential
* Central St Ives Location
* Retirement Saler

The premises are located in 'The Fisherman's Quarter'; a picturesque conservation area with a maze of granite and slate houses and cottages
DESCRIPTION:
The property is centred around an attractive inner courtyard and currently comprise 14 artist's studios
ACCOMMODATION:
The accommodation is as follows:-
Art Studios:
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.
Residential Unit:
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.
Garage/Parking Space:
An open fronted and covered privately owned parking space which is a rarity in this part of St Ives.
DEVELOPMENT POTENTIAL:
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 PROPOSAL:
The property is wholly owned on a freehold basis by the company
PRICE:
Offers are sought In Excess Of £1
CONTACT INFORMATION:
For further information or an appointment to view please contact either:-
Mike Nightingale on ------or via email [email protected] or
Tom Smith 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