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Hair Salon Business & Lease For Sale Westbourne Bournemouth (highly sought after location)

Bournemouth, Dorset
Leasehold Price:
£20,000
Status
FOR SALE
Advert ID
239688

DESCRIPTION
This excellently located salon has been trading as a hairdresser for a number of years in this highly sought after location. Presented in excellent order throughout the shop provides open-plan retail accommodation to the front with further storage space and WC to the rear.

A further rear room is currently rented for massage and offers another potential income stream.

The salon trades with two stylists (one full-time, one part-time), and the owner although there are five chairs available in the property.

All stylists are currently self-employed, have expressed a desire to remain working and have a loyal customer base.

Accounts for the current business can be provided on request.

Further benefits include:
- Allocated Parking To Rear
- Gas Fired Central Heating with new boiler Installed approx. a year ago
- Suspended Ceiling Incorporating Lighting
- Laminate Flooring Throughout
- Presented in good order
- Recent fire risk assessment and new fire alarm and new fire extinguishers

LOCATION
The property is situated in an excellent trading position fronting Poole Road which is an important shopping street in this popular and fashionable town centre. Occupiers close by include Bang & Olufsen, Starbucks, Marks & Spencer Simply Food, Jojo Maman Bebe as well as a number of long standing, independent retailers.

TENURE
The premises are offered by assignment of the existing FRI lease commencing 5th April 2017 to 4th April 2026.

The lease makes provision for a tenant's break option in the 5th year (April 2022) of the term and is subject to review in the 3rd and 6th years of the term.

RENT
£14,750 per annum exclusive of business rates and service charge.
(We understand there is NO VAT payable on this rent)

PREMIUM
A premium of £20,000 is being sought by the outgoing tenant.

RATES
We are verbally informed that the property has a rateable value of £12,500 per annum. The current standard nondomestic multiplier is 45.8p The Government have introduced small business rates relief for properties below a certain rateable value. As such, reduced business rates may be payable on this property. Interested parties are advised to obtain confirmation of the rateable value and rates payable from the Local Authority.

LEGAL COSTS
The ingoing tenant is to be responsible for the outgoing tenant's reasonable legal costs incurred in the assignment of the Lease.

FINANCE ACT 1989
Unless otherwise stated, all prices and rents are exclusive of Value Added Tax. Purchasers or Lessees must satisfy themselves as to the incidence of VAT in respect of any transaction.

PLANNING
We understand that the unit has planning consent for classes A1 (Retail)

In accordance with our usual practice, however, all interested parties are encouraged to contact Bournemouth Borough Council, planning department (0120.451451) with respect to the
authorised use of the property and their proposed use.

EPC
The property has been rated as C-61 Full report available on request.

IMPORTANT NOTE
At no time has a structural survey been undertaken and appliances have not been tested. Interested parties must satisfy themselves as necessary as to the integrity of the premises and condition therein.

Listing Details
Leasehold Price: £20,000
Tenure: Leasehold
Location: Bournemouth, Dorset
Sector: Hairdressers, Retail, Barbers
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Town Centre location
  • Offers Invited
  • Fully Fitted
  • Attractive Business
  • Company for Sale
  • Adjacent to Multiple Retailers
  • Prime Location
  • Small Business
  • With Car Park
  • Potential for Alternative Use
  • Established Business
  • Open Plan Trading Area
  • Accounts Available
  • Close to Local Amenities
Energy Performance Certificate (EPC)
Particulars / More Information
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