Whites Old Workshops
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Investment/Development Opportunity • Retirement Sale • Central St Ives Location • Unique Opportunity Whites Old Workshops • Possible Development Potential Porthmeor Road, St Ives Cornwall TR26 1NW (Subject to Consents) LOCATION 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 four 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’ which is 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. Whites Old Workshops, Porthmeor Road, St Ives, Cornwall TR26 1NW THE PROPERTY The premises comprise a substantial block of property located in the heart of the town extending from Back Road East to Porthmeor Road and The Rope Walk. They occupy an area of approximately 0.11 acre. 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. 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. Whites Old Workshops, Porthmeor Road, St Ives, Cornwall TR26 1NW Whites Old Workshops, Porthmeor Road, St Ives, Cornwall TR26 1NW ACCOMMODATION 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 currently 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 artist’s 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. Whites Old Workshops, Porthmeor Road, St Ives, Cornwall TR26 1NW EXISTING PLANS EXISTING GROUND FLOOR EXISTING FIRST FLOOR Full plans available upon request. Whites Old Workshops, Porthmeor Road, St Ives, Cornwall TR26 1NW DEVELOPMENT POTENTIAL It is considered that 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 attached. There have been no discussions with Cornwall Council, the local planning authority. PROPOSED GROUND FLOOR PROPOSED FIRST FLOOR Full plans available upon request. Whites Old Workshops, Porthmeor Road, St Ives, Cornwall TR26 1NW Whites Old Workshops, Porthmeor Road, St Ives, Cornwall TR26 1NW FURTHER INFORMATION For further information or an appointment to view please contact either:- Mike Nightingale on 01872 247008 [email protected], Jenna Lane on 01872 247034 [email protected], Jeremy Johnson on 01872 247032 [email protected] THE PROPOSAL The property is wholly owned on a freehold basis by the company, Whites PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries Porthmeor Limited (company number 00349367) a private limited company and not guaranteed to be accurate. which was incorporated in 1939 and has owned the property since. This is the AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property company’s sole asset. It is proposed to sell company shares rather than the 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 property asset which means that sale will not attract stamp duty. not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or otherwise as to the correctness of each of the statements contained in these Accounting information will be made available following the viewing stage. particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent. Offers are sought In The Region Of £2,000,000. 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..