Gentleman's Hair Salon In Newcastle Upon Tyne For SAle

Property Information

Property:

Leasehold

Lease Terms:

We are verbally informed that the premises are held on a 10 year lease from 2016 with a current passing rent of £13,000 per annum plus VAT.

Leasehold Rent:

£13,000 per annum

Location:

This business opportunity is located in the City Centre at the junction of Morden Street with Percy Street. The barber shop is located within a mixed - use block that comprises both retail and residential accommodation.

Nearby occupiers are varied and comprise a range of independents and multiples and there is also parking nearby.

Premises Details:

This is a long-established business which has been trading for almost 45 years within the City and under the current ownership for the last 24 years. The shop is on the market as our client is looking to semi retire.

The premises are configured to provide a waiting area together with 4 cutting chairs and staff facilities. The central location provides strong levels of captive trade and over the last 4 decades the business has built up a loyal customer base. Potential passing trade can be generated from the nearby car parks and Haymarket bus station lies on the opposite side of Percy Street.

This business provides scope from either an owner operator perspective or potentially as a managed opportunity which could deliver an income via the renting out of chairs.

Viewing is recommended to appreciate the central location and to understand how the floor area could be utilised to incorporate more stations.

Energy Performance Rating:

C  View EPC Graph for this property

Business Operation

Trading hours:

Monday - Saturday 9.00am - 5.00pm
Sunday closed

Employees:

The business is operated by our client with the help of 3 part time members of staff.

Years established:

24

Other Information