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Retail / Office

Sunderland Offers over £150,000 Freehold REF: NE1567

Location:

The business and property is situated in the middle of Mary Street which is on the outskirts of the City Centre, close to the main bus and Metro stations at Park Lane Interchange. 

The immediate area comprises a mixture of shops, offices and leisure operators but only a short walk away across the A1231, there are densely populated residential neighbourhoods.

Business:

This business has been in the same ownership since 1977 and is being placed on the market as the owners are planning their retirement.

The business trades as a traditional ladies hair salon and gent’s   barber shop which, as you would expect after over 40 years of trading, has built up a loyal and extended customer base.  The ladies hair element makes up a higher percentage of turnover and  The central location has the benefit of bringing in business from workers, shoppers and nearby residents and there is a genuine opportunity to modernise and develop the services offered.

The upper floor is currently let out as storage to the adjacent occupier and although this brings in a steady income, the lease is short term and new owners of the salon could look to incorporate this space back into the salon.

Property:

Comprises a two storey mid terraced property of traditional brick construction with a slate roof over.  Accommodation;

Ground Floor with street access leading into;

Salon Area extending to circa 380 sq.ft. (35 sq.m) and set out with a reception desk and 8 cutting stations.

Stockroom

Kitchen

W.C.

First Floor (suitable for conversion into a flat)

With separate front and rear street access and;

Lobby Area

Room 1 circa 227 sq.ft. (21.1sq.m.).

Room 2 circa 171 sq.ft. (15.9 sq.m.).

Kitchen

Toilets

Trading Hours

Monday - Thursday             8:30 am - 5:00 pm

Friday                                     8.30 am - 6.00 pm              

Saturday                                                8:00 am - 6.00 pm

Sunday                                          closed           

Staff

Currently ran by the owners with the help of 2 full time members of staff.

Fixtures & Fittings

A full inventory would be made available to bona fide enquiries prior to an exchange of contracts.

Rates

The premises are assessed as follows:

  Rateable Value   £3,550 (Ground Floor)

Rateable Value   £3,050 (First Floor)

Rates free incentives available subject to individual status.

Tenure

The premises are available on a Freehold basis. 

EPC

Rating - C.

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.

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