Rent £8,000 - £14,000 per annum exclusive of rates, VAT & all other outgoings. The gross rent is £14,000 however after deduction of rented chair the net rent will be £8,000 PAX

Rates Payable £2,020.95 per annum Whilst the figures are specified above the current business has qualified for 100% small business rate and does not pay rates. Subject to conditions this could apply to any incoming tenant also.

Service Charge Upon Enquiry

EPC Rating This property has been set as EPC exempt.
Reason: Stand-alone building < 50m2

Description

An impeccably maintained salon that offers a unique chance to own a thriving business in a highly sought-after area. The space is in pristine condition, featuring three hairdressing stations and a backwash chair. Each station comes complete with mirrors, shelves, and chairs, offering a professional and inviting environment for clients. A separate utility area houses a washing machine and boiler, ensuring the salon runs efficiently. A well-kept toilet adds convenience for staff and clients. All fixtures and fittings are included in the sale price, providing a turnkey solution for the new owner.

Terms

The entire premises will be held on a new 12-year FRI lease at a commencing rental of £14,000 per annum. With upward only rent reviews every 4 years. A premium of £17,500 is required for the lease, business, goodwill & fixtures & fittings with SAV. A rent deposit of 6 months rent will be required as security.

Business

This thriving salon, a staple in the community for 27 successful years, has built an outstanding reputation for excellence. Now available due to the vendor’s planned retirement, this is a rare opportunity for a motivated buyer to take over a well-established business with loyal clientele and significant growth potential. The salon benefits from exceptionally low overheads, making it an ideal choice for a hairdresser ready to step into ownership or expand their current operations. The business is currently run under management and trades Monday, Wednesday, Thursday and Saturday 9am-12pm and 9am
5pm on Tuesday and Friday. At present there is one salaried stylist who plans to retire and one stylist who rents a chair for £6,000 per annum. There would be significant scope to increase trading hours and to
also introduce a nail bar. Accounts available to bona fida parties.

Estate Agents Act- Connected Party

It should be noted that a director of this firm is related to the owner of this property.