Summary - 32 FORE STREET ST IVES TR26 1HE
1 bed 1 bath Retail Property (high street)
Compact tourist-facing shop suitable for boutique retail or gallery use.
Prime Fore Street frontage with full-width glazed display window
High seasonal footfall — close to harbour and town amenities
Leasehold with only six years remaining (expiry March 2031)
Mortgage lenders likely to refuse due to short lease length
Grade II listed — period features preserved, restrictions on alterations
Lease forbids café, restaurant and bar uses
High flood risk — material insurance and mitigation implications
Rent £22,250 pa; premium £10,000; EPC rating C
This compact high-street unit sits on Fore Street, St Ives, in a prime tourist location with consistent footfall and direct street frontage. The full-width glazed display and period shopfront offer immediate kerb appeal for boutique retail, gallery or gift-focused operators. Proximity to the harbour, beaches and town amenities underpins strong short-term visitor demand.
Important commercial limitations are clear: the lease has only six years remaining (expiry March 2031) and is offered by way of assignment; many mortgage lenders will refuse finance on short leases. The lease prohibits café, restaurant and bar uses. The property is Grade II listed, which preserves character but restricts alterations and may complicate refurbishment or conversion plans.
Practical factors to budget for include likely internal refurbishment and assessment of upper floors for storage or residential use. The site is in a high flood-risk area and local crime levels and area deprivation are above average; parking is limited and typical of a compact town-centre unit. Current terms: rent £22,250 pa, premium £10,000, EPC rating C.
For an investor or specialist operator seeking a central tourist pitch, this is a short-term income opportunity with visible footfall and strong seasonal demand. Buyers should proceed only after lease, flood-risk and listed-building due diligence and with contingency for lender refusal or limited finance options.
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