A1 RETAIL FREEHOLD TRADING AS HAIR SALON WITH FLAT ABOVE
Price:
Freehold - £249,950
Location:
Hampshire , MIXED RESIDENTIAL, Southsea
Business Type:
Commercial Property, Service Businesses
FREEHOLD A1 RETAIL PREMISES
WITH IMMACULATE FIRST FLOOR FLAT
38 FT REAR GARDEN
CURRENTLY TRADING AS LADIES’ HAIR SALON
SUITABLE OTHER RETAIL USES
IN DENSELY POPULATED PORTSMOUTH SUBURB
Freehold A1 Use Class:
Ladies’ Hair Salon
LOCATION:
Close to Southsea Common, the sea front, its renowned promenade and the Castle, these freehold premises with first floor accommodation are ideally positioned on a main thoroughfare through the densely populated suburb of Southsea. They would be suitable for a variety of retail trades serving the local community.
Southsea castle, constructed by Henry VIII was acquired by Portsmouth City Council in 1960 and restored to its
19th century appearance. The Castle Field holds a variety of events throughout the summer and together with the
Sea-Life Centre and the D-Day Museum, ensures that the area is visited by tourists throughout the year. Another
attraction is The Mary Rose, which sank just off the Castle shortly after its completion and is to be found in the
Naval Dockyards in Portsmouth, together with HMS Victory & HMS Warrior. To the south, a short distance from
the showroom, the Common extends for approximately a mile along the seafront with a children’s playground at
the west end, tennis courts, crazy golf, bowling greens and a skateboard park in the middle with the eastern end
mostly laid out to ornamental flower gardens.
BUSINESS:
Currently trading as a ladies' hair salon, this freehold A1 property occupies a prime trading position on a main thoroughfare in the centre of a desirable residential area of Southsea. The immaculate one bedroom first floor living accomodation can only be accessed via the ground floor retail premises.
The Vendor is now looking to retire having worked in the hairdressing trade since leaving school. The Vendor is prepared to offer the salon as a going concern or would consider closing the salon and selling the freehold property with vacant possession for an alternative A1 retail use.
BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
Salon 23’2” x 15’ (350 sq ft)/7m x 4.6m (32 sq m)
Backwash 14’7” x 10’2” (145 sq ft)4.5m x 3.1m (14 sq m)
Staff Room 10’2” x 5’6”(56sqft)/3.1mx1.6m (5sqm)
WC 6’ x 3’11”(23 sq ft)/1.8 m x 1.2 m (1.8sqm)
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.
PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
Lounge/Dining Room 15’8” (into Bay) x 15’ (234 sq ft)/
4.8m x 4.6m (22 sq m)
Fitted kitchen with double glazed French Doors to balcony. The kitchen measures 11’10” x 8’7”(102 sq ft) / 3.6 m x 2.6 m (9 sq m)
The double bedroom measures 12’5” x 12’ (150 sq ft) /
3.8 m x 3.7 m (14 sq m)
OUTSIDE:
The rear garden is predominantly paved with patio slabs and measures 38’ x 16’5” (627 sq ft)/10m x 5m (50 sq m)
The first floor balcony outside the kitchen is a sun trap
TENURE:
Freehold with vacant possession
RATES:
The rateable value of the business premises is £4,950, with rates of £513.97 Payable in 2010/11. The domestic accommodation falls into Band A for council tax purposes.
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.
SERVICES:
We understand from the vendor that all main services are connected to the property.
TRADE:
Accounts examined by Adams & Co show turnover of £48,086 for the year ended 31/03/10 with gross profits of £40,774.
Please note that if a business is VAT registered, all figures exclude VAT.
HOURS:
Monday Closed
Tuesday to Thursday 9.00 to 17.30
Friday 9.00 to 19.00
Saturday 9.00 to 17.30
Sunday Closed
STAFF:
The Vendor works 5 days per week 8 hours per day supported by one full time stylist also working a 40 hour week. There are two part-time stylists working 4 hours per day 4 days per week and a Saturday girl working 8 hours.
STOCK:
The vendor informs us that the value of the stock is approximately £500
LEGAL FEES:
Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord’s legal costs on a 50/50 basis. If a buyer wishes to negotiate a ‘new’ lease, they will be responsible for all the landlord’s legal costs.
COMMENTS:
The Vendor is retiring and wishes to move to Sussex to live near other family members. This has created an exciting opportunity for a qualified stylist to take over an established ladies’ hair salon and build on the solid foundations laid down by the Vendor. Alternatively, the Vendor is prepared to close the business down and sell the freehold with vacant possession allowing alternative A1 retail use.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.
LOUNGE/DINING ROOM; DOUBLE BEDROOM; FITTED KITCHEN; BATHROOM; BALCONY
North Yorkshire
£ 750,000
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