Main Road Location Close To Town Centre
1 Bedroom Flat With £4,800 Rental Income
May Be Converted For Multiple Uses
Vast Potential to substantially increase Rental Income
Car Park To Rear allowing 8 Vehicles
Currently Operating As Hair Salon with 3 Bed Accom
EPC - DREF 6402 – Freehold Investment Property currently trading as a Hair Salon with Accommodation & Rental Flat
Blacks Brokers are pleased to bring to the market this freehold investment property opportunity currently operating as a hair salon. With owner accommodation and separate rental flat located in the much sought-after area of Worksop, Nottinghamshire this is a wonderful opportunity with limitless scope and potential for the property to be converted for other uses subject to planning permission. INTRODUCTION
Gateford Hairdressing Salon has been trading on Gateford Road for over twenty years. It was established by our client to meet local demand for a hair salon in this area. Our client has secured a strong, repeat customer base of locals and a superb reputation. At present, there is no marketing done as our client has been looking to slow down in preparation for retirement, there is much scope for a strong marketing drive and online and social media presence to relaunch this popular salon. There is also potential to introduce new beauty services. LOCATION
Gateford Hairdressing Salon is located on a busy main road, approximately five miles from the M1 motorway, and only one mile from Worksop town centre. There have been a number of new residential estates built in recent years, which guarantees large amounts of local footfall. The area has excellent public transport links in place and the freehold sale includes a car park immediately to the rear offering space for around eight vehicles. REASON FOR SALE
The business would be ideally suited to a hands-on owner-operator but our client is looking to retire soon. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level. BUILDING LAYOUT AND DESIGN
443 Gateford Road is an extensive, detached corner property in a prominent position. It is presented and maintained to a high standard with front, side and rear gardens and a small yard. There is a single garage to the rear of the property and a car park which can accommodate around eight vehicles. The building is fully double glazed throughout and is set across two storeys. The business operates from the ground floor of the property. There is a one bedroom flat also positioned within the ground floor and a three- bedroom accommodation within the first floor.
The business has signage displayed on a classic canopy window cover with entrance to the side. Inside, the salon is open plan in layout with three styling/cutting stations. The salon is well presented with reception area and window box seating. There are also two backwash stations. To the rear of the salon is a second room used as a kitchen/staff/utility and stock area, and there is also a small office along with toilet facilities. There is a door at the rear of the salon which leads into a small yard area, with metal stairs leading up to the first- floor accommodation.
The first- floor accommodation comprises of three large, double bedrooms, a family bathroom, fitted kitchen, spacious lounge and dining room. Each area is presented to a good standard and is currently occupied by our client however should the new owner decide not to live on the premises and rent out the property there is potential to earn additional rental income.
Finally, the rental income currently generated by this property is from the one bedroomed flat within the ground floor of this extensive property. The flat comprises of one double bedroom, lounge, kitchen and bathroom. The flat has a separate entrance. This generates an income of £350 per month. STAFF
The business is currently operating with our client working on a full time basis supported by two members of employed, part time staff. FINANCIAL DETAILS
Gateford Hairdressing Salon has traded solidly during the last twenty years. We are advised that the business currently has annual turnover of £34,938 with gross profit of £20,977. Full financial details are available upon viewing. SUMMARY
This freehold property offers a range of opportunities for a new owner ranging from full rental of the two flats and business, to full owner operator use of the property with business and living .accommodation already in place with the additional accommodation for staff or family members. There is plenty of scope to develop the existing business further as mentioned above, with the introduction of an online and social media presence. There are also more income opportunities possible through the rental of chairs within the salon and the office space could potentially be rented to a beauty therapist. The property could also be converted for multiple uses subject to planning. Early viewings are strongly Fixtures:
2 x Backwash
Mon - Closed Tue - 8.30am - 5pm Wed - 8.30am - 5pm Thur - 8.30am - 5pm Fri - 8.30am - 6pm Sat - Closed Sun - Closed