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Olive's Cafe Island Square 268 sq ft of Assignment Available in St Ives TR26 1NX
Assignment Highlights
- Highly popular tea room
- An ideal lock up seasonal business
- Desireable tourist hot spot of St Ives
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rate
- Type
| Space | Size | Term | Rate | Type | ||
| Ground | 268 sq ft | May 2034 | £29.10 /sq ft pa £2.43 /sq ft pcm £7,800 pa £650.00 pcm | TBD |
Ground
An ideal lock up seasonal business in the Cornwall gem of St Ives. Olive's Café is available to the open market for the first time in 15 years and offers a new owner the opportunity to expand and diversify if desired, or to carry on with trade as it is and enjoy a new lifestyle business. The business is available by way of an assignment of the existing lease which commenced in 2024 for a 10 year term at an annual rent of £7,800. We are instructed to seek offers of £80,000 which will include all fixtures and fittings, inventory and loose chattels. Stock, which will be minimal, shall be taken at valuation. The café operates from a 300 year old building with standard opening hours 11:00- 16:00 5 days a week. Our client has owned the business since 2010, whilst we understand that a café has been trading in some form since 1939. Olive's boasts 4.7 stars on Trip Advisor and is in the Top 10 cafes in St Ives, an impressive feat given the variety of offerings in the town. The café has 20 covers inside and 14 outside. Accounts are available on request, and the current turnover is c.£80,000 PA
- Use Class: E
- Assignment space available from current tenant
- Partially Fit-Out as a Restaurant or Café Space
- Secure Storage
- Exclusive WC facilities
- Lease until 2034
- Turnover c.£80,000 pa
- Historic trade dating to 1939
- All fixtures and fittings included
- Ready to go business
Service Types
The rent amount and service type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The service type will vary depending upon the services provided. Contact the listing agent for a full understanding of any associated costs or additional expenses for each service type.
1. Fully Repairing & Insuring: All obligations for repairing and insuring the property (or their share of the property) both internally and externally.
2. Internal Repairing Only: The tenant is responsible for internal repairs only. The landlord is responsible for structural and external repairs.
3. Internal Repairing & Insuring: The tenant is responsible for internal repairs and insurance for internal parts of the property only. The landlord is responsible for structural and external repairs.
4. Negotiable or TBD: This is used when the leasing contact does not provide the service type.
Property Facts
| Total Space Available | 268 sq ft | Net Internal Area (NIA) | 268 sq ft |
| Property Type | Retail | Year Built | 1930 |
| Property Subtype | Restaurant |
| Total Space Available | 268 sq ft |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Net Internal Area (NIA) | 268 sq ft |
| Year Built | 1930 |
About the Property
Olive's Café is situated on the Island in St Ives, snuggled between Porthmeor Beach and Porthgwidden Beach. The area is more laid back than the rest of the town and has plenty of galleries and art studios to explore at leisure with Blue Bramble Gallery right next door. The infamous St Ives School of Painting and Porthmeor Studios, are only a few minutes walk away, with the Tate a couple of minutes further along.
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Olive's Cafe | Island Square
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