St Michaels Court, Stoney Stanton

Description

We are pleased to present this ground floor lock up retail unit of approximately 618 sqft and well established local hairdressing business. The property comprises 2 main retail areas with 2 washbasins, 7 work-stations, blowdrying area, staff room/kitchen, storage and w/c facilities. The property also benefits from a 2 bed self contained flat above. Externally there is a parking area. The property benefits from an attractive full width glazing shop front, fully tiled flooring, stylish lighting, electric storage heating.

Location

The property is located in Stoney Stanton within the St Michaels Court Shopping Parade within a unique position along a popular parade of retail units, approximately 10 miles south west of the City Centre amongst a mixed Residential/Commercial location. The property is easily accessible via all modes of transport and benefits from communal parking and high local footfall.

Fixtures and Fittings

Full fixtures and fittings list and recent accounts including annual turnover available by request. Client is seeking £1,500 for fixtures and fittings, this includes;
7 x Mirrors
7 x Hydraulic Chairs
3 x Stand Dryers
New Washing Machine and Tumble Dryer
Clymazone
Light Shades
Desk and Table

Accommodation (all measurements are approximate):

618 sqft (57.46 sqm)

2 retail areas, kitchen, toilets, staff room, office.

2 Bed Self Contained Flat above (currently sub-let at £575 PCM - £6,900 PAX)

Planning

We understand the property has E Class use with the potential for other uses subject to obtaining planning consent. E Class use includes shops, cafes, restaurants, retail warehouses, hairdressers, undertakers, travel and ticket agencies, post offices, pet shops, sandwich bars, showrooms, domestic hire shops, dry cleaners, funeral directors and internet cafes.
All enquiries regarding planning should be made direct to Blaby District Council planning department on tel: .

Rent / Service Charge

£15,000 pax, payable quarterly in advance by standing order. Landlord to insure the building and tenant to reimburse at approx. £250 per annum. Tenant responsible for own contents insurance.

Lease Terms

The lease to be assigned is for a term of 12 years expiring on 9th January 2031 (approx 6 years remaining) on a full repairing and insuring basis at a passing rent of £15,000 pax.

Next Rent Review: January 2028.

Legal Costs

The ingoing tenant to be responsible for the landlord's reasonable legal costs for the assignment of the lease. We understand these to be in the region of £1,450 + VAT + disbursements approx.

Services

The services, fittings and appliances (if any) have not been tested by the agents.

Rating Assessment

Charging Authority: Blaby District Council
Description: Shop & Premises
Rateable Value: £5,400.00
Rates Payable (approx.): Nil - we understand the property qualifies for small business rates relief due to the size.
Period: 2023 to Present

Please make your own enquiries in respect of the rating liability or business rate relief with Blaby District Council

Energy Performance Certificate

Rating 112, Band E.

Viewing

Strictly by appointment through the sole agents.