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Retail Property (high street) for sale

Muddies Salon, 36 West Percy Street


Property Description

Key features

  • Successful beauty salon with website
  • Well established client base
  • Sales figures available on request
  • New lease available
  • Great development potential

Full description

SITUATIONThe property is prominently located on the corner between West Percy Street and Nile Street, North Shields. The property is surrounded by a number of local retailers and benefits from extensive public parking. North Shields lies approximately 8 miles away from Newcastle City Centre and is accessed via the A1058 Coast Road. DESCRIPTIONThe property comprises a ground floor retail unit with a total size of 40.38m² (434.65ft²). The property also benefits from a dedicated reception area, separate treatment room, two work stations, rear storage and WC. ACCOMMODATIONGround floor 40.38m² (434.65ft²) BUSINESSMuddies Beauty Studio is an established beauty salon business well known across the North East. The studio was recently refurbished in late 2014 and has the benefit of a high quality finish and unique décor. The business has operated successfully since April 2008 and benefits from a well established client base. At present it has a strong social media following with over 2,000 friends/followers via Facebook, Twitter and Instagram, and also the refresh of a new personal website as seen below: The business is being sold to include part fixtures and fittings and accounts are available upon request to bona fide parties.There is a genuine reason for sale and the business would benefit from further expansion. TERMThe premises are available on a new lease to be negotiated. RATING ASSESSMENTDescription RV Estimated Rates PayableShop & £3,500 £1,680Premises We are advised that the rateable value of the premises as at 1 April 2010 is £3,500 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48.0p in the pound. However, interested parties should confirm the current position with the Local Authority.As a new occupier rights of appeal may exist against this assessment. LEGAL COSTSEach party is to bear their own legal costs involved in the transaction. VATAll rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT. VIEWINGFor general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.

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