Percy Park Road, Tynemouth

BUSINESS FOR SALE - Glitz Hair Design is a well established hairdressing business operating out of an exclusive Tynemouth Village location. This well established business retains longstanding clients and attracts new business as the area evolves from the increasing popularity of this residential location.

Location - The business premises is situated on Percy Park Road, Tynemouth one of the most desirable locations in the north east. Tynemouth is a highly popular residential and tourist village located on the north east coast of England approximately nine miles east of Newcastle upon Tyne. The area offers many aspects of modern living and a variety of leisure activities centred around Front Street, Tynemouth Priory and of course the local beaches.

Description - Glitz Hair Design is a well established hairdressing business operating out of an exclusive Tynemouth Village location. This well established business retains longstanding clients and attracts new business as the area evolves from the increasing popularity of this residential location.

The property is fitted out to a high standard throughout with numerous stylist stations, back basins, reception desk together with many other features. Internal finishes to the property include panel ceilings and integrated lighting, air conditioning, oak floor coverings and joinery, modern kitchen and toilet fittings and a recently renewed central heating boiler.

Accommodation - Ground Floor
Front Salon 33.8sqm (363.82sqft)
Rear Salon 18.4sqm (198.06sqft)
Store 1.5sqm (16.14sqft)
WC 2sqm (21.5sqft)
Kitchen 5.7sqm (61.35sqft)

TOTAL FLOOR AREA 60sqm (644.77sqft)

Basement 5.6sqm (60.28sqft)

Turnover - Available on request.

Staff - The business is owner operated with the assistance of one full time stylist (Maternity Leave), one part time stylist and one junior members of staff.

Opening Times - The business has the following opening times:-

Monday 9:30am - 5pm
Tuesday 9:30am - 5pm
Wednesday 9:30am - 5pm
Thursday 9:30am -7pm
Friday 9:30am - 5pm
Saturday 9am - 4pm
Closed on Sunday.

Tenure - Leasehold – A new FRI (full repairing and insuring) lease is available from the landlord. Terms and conditions to be specified on request.

Price - £29,950 plus stock at valuation

Rent - The rent for the building is £15,600 per annum.

Rateable Value - According to the Valuation Office Agency (VOA) the premises currently has a Rateable Value of £6,200.

Legal Costs - The purchaser will be responsible for the landlords legal fees and their own costs in this transaction.

Landlords legal fees to be confirmed on request.

Vat - All prices quoted are exclusive of VAT at the prevailing rate.

Money Laundering Obligations - In accordance with the Anti-Money Laundering Regulations the Tenant will be required to provide two forms of identification and proof of the source of income.

Energy Performance Certificate - EPC Rating 'C' (71)