No longer on the market
This property is no longer on the market
MapHairdresser and barber shop
Auction
Sold STC
Hairdresser and barber shop
Features and description
- Advised Freehold - to be verified by solicitor
- Tenanted - Five year lease from June 2021, achieving a monthly rental of £650 per month
FOR SALE BY AUCTION - -Commercial Investment
ONLINE AUCTION from 20th JULY-22nd JULY
Located on the corner of Princess Louise Road and Partridge Road, this prominently positioned commercial unit would make the ideal investment.
The property is currently occupied by a well established beauty salon. We have been informed that the tenants have been in situ for three years, and in June 2021 signed a new five year lease achieving £650 per a month. Based on the current rental and guide price this equates to a 16.77% yield.
Small enough to be exempt from business rates, yet large enough to include a salon/trading area, tanning room, office and kitchen.
This property also benefits from an electric roller shutter to the front, and parking for in excess of one car to the rear.
There is a water and electric supply (not tested), there was formerly a gas supply to the property but this has since been isolated.
Ground Floor: Salon/trading area, tanning room, office, kitchen, wc
Outside: Parking for in excess of one car
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
Tenanted - Five year lease from June 2021, achieving a monthly rental of £650 per month
ONLINE AUCTION from 20th JULY-22nd JULY
Located on the corner of Princess Louise Road and Partridge Road, this prominently positioned commercial unit would make the ideal investment.
The property is currently occupied by a well established beauty salon. We have been informed that the tenants have been in situ for three years, and in June 2021 signed a new five year lease achieving £650 per a month. Based on the current rental and guide price this equates to a 16.77% yield.
Small enough to be exempt from business rates, yet large enough to include a salon/trading area, tanning room, office and kitchen.
This property also benefits from an electric roller shutter to the front, and parking for in excess of one car to the rear.
There is a water and electric supply (not tested), there was formerly a gas supply to the property but this has since been isolated.
Ground Floor: Salon/trading area, tanning room, office, kitchen, wc
Outside: Parking for in excess of one car
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
Tenanted - Five year lease from June 2021, achieving a monthly rental of £650 per month
About this agent
The company was established by Paul Fosh in 2001 following a long career in estate agency with companies situated across South Wales. Since 2001 the company has grown into the leading property auction house in Wales.