Hairdresser / Barber Shop for sale

11 Hounds Gate, Nottingham, Nottinghamshire, NG1

Offers in Excess of £35,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: B1 Business

Key features

  • Lease for Assignment
  • Fully Fitted Hairdressing Salon
  • Prominent City Centre Location
  • Gas Fired Central Heating
  • Secure LEase Expiring 2028 with Break Clauses
  • Offers over 35,000 for Fixtures and Fittings

Full description

Tenure: Leasehold

LOCATION

The property is situated on the south side of Houndsgate close to its junction with Wheeler Gate and Albert Street at St Peter's Square.

DESCRIPTION

The premises comprise a lock-up retail unit fully fitted as an established gent's hairdressing salon.

The property is situated on Houndsgate opposite Subway sandwich bar within yards of St Peter's Square which is at the junction of Wheeler Gate, Albert Street and St Peter's Gate.

This area is pedestrianised and a number of major multiple retailers are represented within close proximity.

There is a steady pedestrian flow along Houndsgate towards established office locations to the west.

The property is naturally sub-divided to provide a front barber's shop and rear barber's shop/hairdressing salon both of which are fully fitted.

The premises also benefit from a separate office and separate male and female W.C. facilities.

The property is well appointed internally to include timber veneer flooring, strip lighting, emergency lighting and fire alarm system linked to the upper floors and has full gas fired central heating.

The premises represent an excellent opportunity for a new or established hairdressing business to obtain prominent city centre premises on a turnkey basis.

ACCOMMODATION

Internal frontage 5.2m

Shop depth 15m

Net sales area - front salon 23.1 sq.m. (249 sq.ft.)

Rear salon 32.3 sq.m. (348 sq.ft.)

Lobby leading to:

Ladies WC with low flushing WC, wash hand basin.

Gents WC with low flushing WC, wash hand basin.

Office 7.36 sq.m. plus additional store cupboard

Rear lobby leading to:

Staff Room/Kitchen 3.44 sq.m. with fitted wall and base units, stainless steel sink unit and drainer.

TENANT'S FITTINGS

The property is offered as a fully fitted operational hairdressing salon.

Within the front area there are fitted workstations with cupboards beneath incorporating three sink units with hot and cold water. There are three barber's chairs and fitted mirrors.

Within the rear area there are fitted workstations with cupboards beneath incorporating two sink units with hot and cold water. There are two additional barber's chairs and fitted mirrors.

There are also two separate workstations each having two sinks and two chairs.

All display units, furniture, mirrors and lighting are included in the sale.

SERVICES

A mains supply of water, gas and electricity is connected to the property and drainage is to the main sewer.

The property has a conventional gas fired combination boiler which was renewed a year ago. The boiler supplies hot water and heating by way of a series of radiators.

RATING

The property is described in the rating list as a 'Shop & Premises' and has a rateable value of 12,750.

The current rate in the pound is 49.7p and therefore the rates payable for 2016/17 are 6,337.

The premises will be reassessed for rating purposes in April 2017. Under legislation due at the same time, properties with a rateable value of between 12,000 and 15,000 will benefit from small business rate relief.

RENT

The rent payable under the existing lease is 15,500 per annum exclusive of rates, fire alarm maintenance and property insurance premium.

ENERGY PERFORMANCE CERTIFICATE

An Energy Performance Certificate was granted on 1st June 2016, Reference Number 9722-3055-0861-0300-1391 showing that the property has an Energy Performance Asset Rating within Band C at 66 CO2 emissions.

PLANNING

The property has an established planning consent for retail purposes.

LEASE TERMS

The property is available by way of an assignment of an existing lease. The lease is for a contractual term of 15 years from the 23rd February 2013.

The rent for the first five years is 15,500 per annum and is then subject to review at the end of the fifth and tenth years.

The rent is payable quarterly in advance.

The tenant is responsible for all internal repairs and decorations together with all window frames and door frames together with the shop front.

The landlord is responsible for maintaining the exterior of the property.

The tenant may also terminate this lease by serving at least 6 months notice prior to the relevant break dates which are the 22nd February 2018 and the 22nd February 2023.

The tenant is responsible for reimbursing to the landlord one third of the cost of maintaining the fire alarm system.


INSURANCE

The tenant is responsible for reimbursing the landlord one third of the cost of insuring the whole building.

LEGAL COSTS

Each party to be responsible for their own legal costs in connection with the assignment of this leasehold interest.

VIEWING

By arrangement with the agents, telephone Karen Byars on (0115) 9644238, 8 Clarendon Street, Nottingham, NG1 5HQ.




CONSUMER PROTECTION REGULATIONS 2008

All statements contained in these particulars are believed to be correct but their accuracy is not guaranteed nor do they form part of any contract or warranty. Unless specified to the contrary interested parties should note the following;

1. All dimensions, distances and floor areas are approximate.

2. Any information given on Town and Country Planning matters and Rating matters has been obtained by verbal enquiry only from the appropriate Local Authority. Interested parties are recommended to obtain written verification thereof.

3. Any information on tenure or tenancies, etc, has been provided to us in good faith by the vendor/lessor of the property. Prospective purchasers/lessees are strongly recommended to have this information verified by their solicitors or other advisers.

4. All information on the availability of mains services is based on information supplied by the vendor or lessor. Statements regarding service installations do not warrant their condition or serviceability.

GENERAL

1. The issuing of these particulars does not constitute an offer or a contract.

2. The property is offered subject to contract and it still being available at the time of enquiry.

3. No responsibility can be accepted for any loss or expense incurred in viewing.

4. These particulars are issued on the distinct understanding that all negotiations are conducted through Spencer Birch.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Old Market Square (0.1 mi)
  • Lace Market (0.2 mi)
  • Royal Centre (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Spencer Birch Chartered Surveyors, Nottingham

8 Clarendon Street, Nottingham, NG1 5HQ

0115 798 0103 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Old Market Square (0.1 mi)
  • Lace Market (0.2 mi)
  • Royal Centre (0.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Spencer Birch Chartered Surveyors, Nottingham

8 Clarendon Street, Nottingham, NG1 5HQ

0115 798 0103 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference houndsgate. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Spencer Birch Chartered Surveyors, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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