Location
The business is located within a busy parade on Farringdon Road close to the junction with Broadway. There is free parking on the street and access to the parade is straightforward with good road links and there are also bus stops and a Metro station nearby.
Cullercoats is an extremely popular suburb of North Tyneside and is located between Whitley Bay and Tynemouth.
Business
This business was established by our client in 2000 and trades as a traditional beauty salon offering a wide range of non-surgical treatments. The business is on the market as our client is currently only working 3 days and wishes to further reduce her work commitments.
The premises are currently configured to provide a small waiting and reception area to the front which incorporates two nail bar stations with the rest of the main area being taken up with two treatment rooms. To the rear of the unit there is a kitchen and W.C. and, overall, the premises are in good order.
This business is well supported with a high number of local customers, most of whom have supported the salon for many years. There are strong levels of captive trade generated by the nearby housing estates and the free street parking benefits the clients who visit from further afield.
There is genuine scope for a new full time owner to incorporate additional services or treatments.
Premises
Comprise a self-contained ground floor lock up unit;
Reception / Waiting Area
Treatment Room 1
Treatment Room 2
Kitchen
W.C.
EPC
Rating D.
Staff
The business is operated by the owner (3 days) with 1 full time and 1 part time members of staff.
Trading Hours
Monday - Saturday 10.00am - 6.00pm
Sunday closed
Trading hours can vary subject to the seasons.
Rates
The premises are assessed as follows:
Rateable Value £4,400 (2023 list)
Rates free incentives subject to status.
Tenure
The premises are available on a new lease for a term to be agreed. The rent will be £7,200 per annum and the new tenant will be responsible for the landlord’s legal costs in the lease preparation.
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.
