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Retail Property (out of town) to rent

80 Markland Hill Lane, Heaton

160 sq. m. | £11,000 pa| £917 pcm

Property Description

Commercial information

  • 1,722 sq ft (160 sq m)

Key features

  • Excellent and desirable location
  • Prominent window frontage
  • Strong existing client base
  • High quality fit out
  • Scope to improve turnover

Full description

LOCATION
The business premises are prominently located at the junction of Markland Hill Lane, Whitecroft Road and Greenmount Lane within the affluent suburb of Heaton, West of Bolton. The area is accessed by numerous roads and public transport.

DESCRIPTION
A ground floor extensive retail showroom which has been fitted out to a very high standard for it’s current use as hairdressing salon and beauty rooms. There is a reception and sales area, two beauty rooms, staff canteen/kitchen, open plan salon with extensive window displays with excellent natural light and advertisements. The business is being sold either subject to a lease or alternatively the property can be purchased. Please note it is only the ground floor element as the first floor residential flat is under separate ownership. Full accounts are available on request and released only after signing a Non-disclosure Agreement. There is also an extensive fixture and fittings list available to view.

ACCOMMODATION
In accordance with the RICS Code of Measuring Practice the following areas have been obtained:-

Ground Floor 160.60 sq m (1,728 sq ft)
* plus rear yard/parking

SERVICES
All mains services are connected to the property which includes a gas fired central heating system. Please note that none of the appliances have been tested.

RATES
Rateable Value: £11,250 (2017 Rating List)

The Standard Uniform Business Rate for the 2017/2018 Financial Year is 0.479 pence in the £, or £0.466 pence in the £ for qualifying small businesses.

Qualifying Small Businesses will however benefit from 100% rates relief. Interested parties are advised to verify this information direct with the local rating authority.

LEASE TERMS AND RENTAL
The business operates under an existing lease with a passing rental of £11,000 per annum. The lease expires 21st December 2018. It is held on Tenants Full Repairing and Insuring terms. The lease can be extended subject to negotiation.

ALTERNATIVELY
The long leasehold of the ground floor can be purchased at an asking price of £140,000.

BUSINESS GOODWILL
This is a fantastic opportunity for someone to purchase a thriving upmarket beauty salon and hairdressers with an excellent reputation throughout Bolton. There is scope to increase the turnover further as well as purchasing the building which allows unlimited options to alter the internal configuration and create another retail unit. Price on application.

VAT
VAT may be applicable at the prevailing rate.

LEGAL COSTS
Each party to be responsible for their own legal costs involved in the transaction.

EPC
We have commissioned and lodged an EPC for this property, the first page of which is attached.
A full copy of the EPC and Report is available upon request.

VIEWING
Strictly by appointment with sole agents, LAMB & SWIFT COMMERCIAL.
Contact: Nick Swift


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