st ives self storage, laity lane, st ives, tr26 3hw
ST IVES SELF STORAGE, LAITY LANE, ST IVES, TR26 3HW
• • • • • • •
SUCCESSFUL SELF STORAGE BUSINESS CIRCA 1.5 ACRES, OUTSKIRTS OF CARBIS BAY CIRCA 95% AVERAGE OCCUPANCY STRONG LOCAL MIXED CLIENT BASE CONSISTENT BUSINESS, SCOPE TO EXPAND POTENTIAL FOR REDEVELOPMENT (STPP) A RARE FREEHOLD OPPORTUNITY
OFFERS IN EXCESS OF £1,000,000 FREEHOLD
B39357
LOCATION St Ives Storage is situated off Laity Lane, on the outskirts of Carbis Bay, adjacent to a high end holiday home development, an established residential bungalow site and next to some land that has recently (we are advised) been granted permission for 91 residential properties. The premises are close to Carbis Bay and of course St Ives, both of which require little introduction as one of the Country's foremost holiday destinations and which has a wide array of both national and indeed niche retailers that are a draw for visitors, but also create a high demand for storage from the business/retail community. The access to the site is within a few minutes drive (depending on time of year) from St Ives and Carbis Bay for private users and is capable of taking articulated lorries off the main Carbis Bay road. We are advised by our clients there is not a facility of this size within the immediate vicinity. THE PROPERTY AND BUSINESS St Ives Storages sits within approximately 1.5 acres (to be independently verified by interested parties) and comprises circa 40% of the site covered by way of 2 interconnecting storage units currently utilised, comprising circa 14,500 sqft, one of the units allowing double stacking of containers and with a large electric operated roller shutter door capable of taking a 40 ton articulated lorry. There is an additional building to the side of the principal unit, comprising the former play barn,
currently unutilised, but which offers opportunity (subject to some refurbishment) for a further 7,200 approx of covered storage space, which does have an interconnection at both ground and first floor to one of the principal units. Externally, the remainder of the site (circa 60%) does have some single stacking of containers and is currently housing a residential mobile unit which is to be removed and is ample space once this unit is moved and indeed on the rest of the site to expand the external container offering. Internally, in one of the units there is an integral office and up to 6 office suites, which have previously been let at circa £300 to £400 per calendar month to local businesses. The current inventory for the business comprises 100 x 20 ft steel containers, 17 x 16 ft containers, 45 wooden boxes and 8 former refrigerated units. It is estimated the current asset value of the containers and other storage units in the resale market is in the region of circa £200,000. In terms of the trade, our clients have operated the business for the past 5 years and have seen the business organically grow from strength to strength and we are advised the business currently achieves around circa 95% all year round occupancy for all of the units and therefore the business does have potential to expand. We are advised the average turnover is in the
B39357
region of circa £20,000 (gross) per month, so equating to £240,000 per annum gross or £200,000 net of VAT and that the business could be run by two persons and not require any staffing, other than holiday or sickness, has low costs in respect of rates and light and heat etc and therefore this is a very profitable business. Further information regarding the tariff etc can be seen via our clients website www.stivesselfstorage.co.uk
Interconnecting to the former play barn, comprising sectional buildings of 50 x 30 ft, double storey and 70 ft x 30 ft again double storey. These units interconnect at both ground and first floor and would require some refurbishment to be utilised, most probably for the wooden box units. Alternatively, this part of the site as with other external parts could be cleared to make way for external container storage.
POSSIBLE REDVELOPMENT As previously mentioned the circa 1.5 acre site sits between a holiday home, established residential development and a plot of land that has recently been granted permission for potential development and therefore whilst our clients have not explored a change of use on their site, they would invite interested parties in respect of an Expression of Interest, were this to be applicable.
OUTSIDE The site is accessed via a private road owned by our clients, with other properties having right of way over it and has secure anti-climb fencing all the way round and the external areas are a mixture gravel and tarmac.
THE ACCOMMODATION COMPRISES (all areas and dimensions are approximate) UNIT 1 Accessed via two offices to the front, overall 26.6m x 26.39m, with several offices, part carpeted floor and suspended ceiling. This is the principal area housing the wooden boxes and some former refrigerated units. Opening through to:UNIT 2 36.1m x 18m. We understand this was completed some 8 years ago and is double height, allowing for access articulated lorries and has an electric roller shutter door. Also, an electric commercial lift allowing for transportation to the first floor of heavy goods.
TENURE - FREEHOLD GENERAL INFORMATION LOCAL AUTHORITY Cornwall Council General Enquiries 0300-1234-100 Planning 0300-1234-151 www.cornwall.gov.uk ENERGY PERFORMANCE CERTIFICATE Exempt. INVENTORY An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts. BUSINESS RATES We refer you to the government website https://www.tax.service.gov.uk/view-myvaluation/search SERVICES
B39357
Prospective owners should make their own enquiries of the appropriate statutory undertakers: Western Power: 0845 601 2989 South West Water: 0800 169 1144 Transco: 0800 111 999 VALUE ADDED TAX All the above prices/rentals are quoted exclusive of VAT, where applicable. CONTACT INFORMATION For further information or an appointment to view please contact Graham Timmins on 01872 247019 or via email [email protected]
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 and not guaranteed to be accurate. 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] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these 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. 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. VIEWING: Strictly by prior appointment through Miller Commercial.
ESTATES GAZETTE Awarded MILLER COMMERCIAL Cornwall’s Most Active Agent 2011 - 2012 - 2013 - 2014 - 2015
• • • • • • •
SUCCESSFUL SELF STORAGE BUSINESS CIRCA 1.5 ACRES, OUTSKIRTS OF CARBIS BAY CIRCA 95% AVERAGE OCCUPANCY STRONG LOCAL MIXED CLIENT BASE CONSISTENT BUSINESS, SCOPE TO EXPAND POTENTIAL FOR REDEVELOPMENT (STPP) A RARE FREEHOLD OPPORTUNITY
OFFERS IN EXCESS OF £1,000,000 FREEHOLD
B39357
LOCATION St Ives Storage is situated off Laity Lane, on the outskirts of Carbis Bay, adjacent to a high end holiday home development, an established residential bungalow site and next to some land that has recently (we are advised) been granted permission for 91 residential properties. The premises are close to Carbis Bay and of course St Ives, both of which require little introduction as one of the Country's foremost holiday destinations and which has a wide array of both national and indeed niche retailers that are a draw for visitors, but also create a high demand for storage from the business/retail community. The access to the site is within a few minutes drive (depending on time of year) from St Ives and Carbis Bay for private users and is capable of taking articulated lorries off the main Carbis Bay road. We are advised by our clients there is not a facility of this size within the immediate vicinity. THE PROPERTY AND BUSINESS St Ives Storages sits within approximately 1.5 acres (to be independently verified by interested parties) and comprises circa 40% of the site covered by way of 2 interconnecting storage units currently utilised, comprising circa 14,500 sqft, one of the units allowing double stacking of containers and with a large electric operated roller shutter door capable of taking a 40 ton articulated lorry. There is an additional building to the side of the principal unit, comprising the former play barn,
currently unutilised, but which offers opportunity (subject to some refurbishment) for a further 7,200 approx of covered storage space, which does have an interconnection at both ground and first floor to one of the principal units. Externally, the remainder of the site (circa 60%) does have some single stacking of containers and is currently housing a residential mobile unit which is to be removed and is ample space once this unit is moved and indeed on the rest of the site to expand the external container offering. Internally, in one of the units there is an integral office and up to 6 office suites, which have previously been let at circa £300 to £400 per calendar month to local businesses. The current inventory for the business comprises 100 x 20 ft steel containers, 17 x 16 ft containers, 45 wooden boxes and 8 former refrigerated units. It is estimated the current asset value of the containers and other storage units in the resale market is in the region of circa £200,000. In terms of the trade, our clients have operated the business for the past 5 years and have seen the business organically grow from strength to strength and we are advised the business currently achieves around circa 95% all year round occupancy for all of the units and therefore the business does have potential to expand. We are advised the average turnover is in the
B39357
region of circa £20,000 (gross) per month, so equating to £240,000 per annum gross or £200,000 net of VAT and that the business could be run by two persons and not require any staffing, other than holiday or sickness, has low costs in respect of rates and light and heat etc and therefore this is a very profitable business. Further information regarding the tariff etc can be seen via our clients website www.stivesselfstorage.co.uk
Interconnecting to the former play barn, comprising sectional buildings of 50 x 30 ft, double storey and 70 ft x 30 ft again double storey. These units interconnect at both ground and first floor and would require some refurbishment to be utilised, most probably for the wooden box units. Alternatively, this part of the site as with other external parts could be cleared to make way for external container storage.
POSSIBLE REDVELOPMENT As previously mentioned the circa 1.5 acre site sits between a holiday home, established residential development and a plot of land that has recently been granted permission for potential development and therefore whilst our clients have not explored a change of use on their site, they would invite interested parties in respect of an Expression of Interest, were this to be applicable.
OUTSIDE The site is accessed via a private road owned by our clients, with other properties having right of way over it and has secure anti-climb fencing all the way round and the external areas are a mixture gravel and tarmac.
THE ACCOMMODATION COMPRISES (all areas and dimensions are approximate) UNIT 1 Accessed via two offices to the front, overall 26.6m x 26.39m, with several offices, part carpeted floor and suspended ceiling. This is the principal area housing the wooden boxes and some former refrigerated units. Opening through to:UNIT 2 36.1m x 18m. We understand this was completed some 8 years ago and is double height, allowing for access articulated lorries and has an electric roller shutter door. Also, an electric commercial lift allowing for transportation to the first floor of heavy goods.
TENURE - FREEHOLD GENERAL INFORMATION LOCAL AUTHORITY Cornwall Council General Enquiries 0300-1234-100 Planning 0300-1234-151 www.cornwall.gov.uk ENERGY PERFORMANCE CERTIFICATE Exempt. INVENTORY An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts. BUSINESS RATES We refer you to the government website https://www.tax.service.gov.uk/view-myvaluation/search SERVICES
B39357
Prospective owners should make their own enquiries of the appropriate statutory undertakers: Western Power: 0845 601 2989 South West Water: 0800 169 1144 Transco: 0800 111 999 VALUE ADDED TAX All the above prices/rentals are quoted exclusive of VAT, where applicable. CONTACT INFORMATION For further information or an appointment to view please contact Graham Timmins on 01872 247019 or via email [email protected]
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 and not guaranteed to be accurate. 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] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these 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. 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. VIEWING: Strictly by prior appointment through Miller Commercial.
ESTATES GAZETTE Awarded MILLER COMMERCIAL Cornwall’s Most Active Agent 2011 - 2012 - 2013 - 2014 - 2015
