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Hair and beauty business with flat above in location with rental income and development potential

Undisclosed, Nottinghamshire
Freehold Hair and Beauty Business + 1-Bed Flat | Strong Rental Income | Development Potential Photo 1
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Freehold Hair and Beauty Business + 1-Bed Flat | Strong Rental Income | Development Potential
  • Freehold: £330,000
  • Turnover: £130,000 (£2,500 per week)
  • Profit: Not Applicable

Business Details

Freehold Hair and Beauty Business + 1 Bed Flat | Strong Rental Income | Development Potential

A rare opportunity combining a freehold property, established rental income and significant future potential. This superb property comprises a fully equipped hairdressing and beauty salon on the ground floor, together with a large one-bedroom flat above. Why this opportunity stands out: FREEHOLD PROPERTY – excellent condition and situated on a busy road in a sought-after area. INCOME CURRENTLY CIRCA £800–£1,000 PER WEEK 5 fully equipped hairdressing stations rented out at £40 per day 2 beauty treatment rooms, currently occupied by self-employed practitioners at £40 per day. 1-BEDROOM FLAT – occupied by a tenant who has been there for 17 years, currently paying £480 pcm, with scope to increase to market rent. VACANT POSSESSION VALUE CIRCA £300,000 according to local estate agents. DEVELOPMENT POTENTIAL – substantial land to the property provides the opportunity for a sizeable extension, subject to the necessary planning consents. EXCELLENT CONDITION – a well-maintained property requiring no significant immediate investment. FULL HANDOVER AVAILABLE – the current owner is semi-retired and will assist the purchaser with a smooth transition. THE OPPORTUNITY Whether you're an investor looking for an income-producing freehold property, an experienced hairdresser looking to acquire your own premises, or someone looking to maximise the property's future development potential, this offers multiple income and growth opportunities from day one. The current owner is now looking to fully retire after many years in the industry. A genuine freehold opportunity with income, an established business, residential accommodation and future development potential all under one roof. Enquire now for further information and to arrange a viewing.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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