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Barber Shop

North Shields £5,000 Leasehold (fees apply) REF: NE1692

Location

The property is located in a prominent position at Billy Mill on the junction of the A1058 Coast Road.  The retail unit is in a small parade and formally operated as the local Post Office serving a densely populated local community.  There is free on street parking available and access is straightforward via Verne Road.

Business Opportunity

The premises comprise a self - contained retail unit which is fully fitted and equipped as a Barber shop. The premises were refurbished in early 2021 and are laid out to provide 3 chairs together with a waiting and reception area plus some unutilised retail space to the back.  

There is space to incorporate other services and this opportunity would be ideal for owner operators to develop out.  An early viewing is strongly recommended.

Description

The property has been measured on a Gross Internal Area basis as follows:

Ground Floor

Salon / Shop            540 sq.ft. (50 sqm.).

Stores / Offices       150 sq.ft. (14 sq.m.)

W.C.

 

Terms

 

The property is held on a 15 year FRI lease from 2021 with rent reviews every 5th anniversary. The current rent is £6,500 per annum and is payable quarterly in advance.

VAT

VAT is not applicable on the rent.

Services

Electricity and water are installed.

Business Rates

The premises are assessed as follows:

Rateable Value        £5,300

Rate free incentives subject to status.

EPC

Rating D

Money Laundering Regulations

In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

 

 

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

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If you have something more specific in mind then please give us a call on 0191 487 8566, we're always happy to help.

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