Summary - CHERITON HOUSE 11 FLAT 1 MARKET PLACE ST IVES TR26 1RZ
1 bed 1 bath Retail Property (high street)
Characterful seaside retail unit in a high-footfall tourist location ideal for investors.
Prime town-centre corner retail/gallery with multiple display windows
A compact, corner retail/gallery unit in the heart of St Ives, positioned on a busy pedestrianised high street close to the harbour and tourist amenities. The ground floor presents attractively as gallery or boutique sales space with multiple display windows, a central entrance and characterful Georgian stone frontage that attracts steady footfall in season. EPC rated C and no flood risk support continued commercial use.
This is primarily a location-first opportunity: the building’s historic curved façade and immediate proximity to the seafront and cultural attractions drive visitor interest and revenue potential. Upper-floor rooms could suit owner-occupation, short-term accommodation, or additional studio/office use subject to consents, offering scope to enhance income streams.
Important practical considerations are material to value: the property is offered on leasehold with an annual rent of £16,000 and a premium of £20,000. The building is electrically heated with room heaters, granite walls with no assumed insulation and potentially limited thermal performance; services and broadband are basic (very slow) which may affect modern retail or holiday-let operations. There is no private parking or garden, narrow side access only, and the local area shows higher-than-average crime and relative deprivation outside peak tourist periods.
Overall this suits a buyer seeking a central St Ives commercial presence who values location and character over space. Investors or operators prepared to manage lease terms, upgrade utilities and consider insulation/modernisation will find clear potential to capitalise on strong seasonal visitor spend and gallery demand.
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