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Commercial

Milton Street, TS12

Premium Offers InvitedUnder Offer

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About Milton Street, TS12

BUSINESS UNAFFECTED.

For sale as a going concern.

Premium offers are invited.

Established hairdressers in a sought after location in a popular Victorian seaside town.

Surrounding retailers include a number of restaurants, cafes, micro pubs and specialist retailers.

Externally the shop is an eye catching corner sited building with an Impressive Grade II listed Victorian canopy, offering a huge window space.

Established for nearly 25 years, this popular salon is reluctantly for sale due to ill health.

Internally comprising of a ground floor salon with 6 work stations and 2 basins offering approximately 628 sq ft (58 sq mtrs) of retail space.

Additional space utilised as a tanning/ beauty room provides an additional 172 sq ft (16 sq mtrs).

Underneath the premises there is a large cellar (see agents notes for further details).

This salon also provides additional income from the operating nail bar and tanning room.

Huge potential exists for a number of bolt on businesses.

Potential for increased opening hours.

The salon team are keen to continue in their current roles, retaining a loyal client base.

It is noteworthy that the current owner runs a successfully business within a managerial role and is not herself a hairdresser, working primarily within the nails and beauty elements of the business.

A new lease is available for a minimum of 3 years with further terms by negotiation.

Viewings are strictly by appointment via the sole agents Browns Commercial 01642 607607.

Trading accounts can also be supplied by appointment only.

Location

Located in the centre of Saltburn, close to the train station and major bus routes. The sea front and award winning Victorian gardens are also easily accessible. Saltburn is a a picturesque Victorian sea side town historically famous for its pier and cliff lift.

Community spirit can be seen to be very much alive with a range of independent shops, regular farmers markets, vintage fairs and theatre events taking place. Local sports clubs are varied and include golf, tennis, cricket and surfing. As a regular contender for the Britain in Bloom awards Saltburn is a picturesque Victorian town which has experienced a huge revival in recent years, earning its well deserved place as a holiday destination.

Also experiencing a commercial revival in recent years. Milton Street is proving a popular and sought after location.

Accommodation

Retail Space 628 sq ft (58 sq mtrs)

Additional Space 172 sq ft (16 sq mtrs).

More Information

Going Concern

Hairdressers

Sought After Location

Impressive Victorian Building

Premium Offers Invited

Passing Rent 616 pcm

Potential for increased business

Accounts available on request

Business Rates

Enquiries regarding the rateable value and details of precise amounts payable should be directed to the relevant Local Authority.

Tenure

Available leasehold

Proposed Terms

Available leasehold with a minimum of a 3 years term.

Current passing rent of 616 pcm if the Lease is entered into before January 28th 2020.

If the leasehold is entered into after this date it will be increased by the RPI.

The lease will be subject to RPI reviews on an upward only basis at the start of the second and third years of the term.

Legal Costs

The ingoing purchaser/tenant will be responsible for our Client's reasonable legal costs incurred in connection with this transaction together with any Stamp Duty and VAT where applicable.

Vat

All offers where made silent of VAT are deemed to be made exclusive thereof.

Notes

All measurements are approximate and are for guidance purposes only.

Agents Notes

There is a large cellar which runs underneath the premises and neighbouring premises which could be utilised.

This is not currently included in the lease.

However, negotiation with the landlord is possible.

Local Area Information

You can find out information on your local area by using the option below:

Council Tax Information

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External (Main)
External 2 Internal Sun Bed Room/ Beauty Room Internal Internal Internal Internal Internal Internal

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