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.
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.
The property has been measured on a Gross Internal Area basis as follows:
Salon / Shop 540 sq.ft. (50 sqm.).
Stores / Offices 150 sq.ft. (14 sq.m.)
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 is not applicable on the rent.
Electricity and water are installed.
The premises are assessed as follows:
Rateable Value £5,300
Rate free incentives subject to status.
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.