This property is no longer on the market
Property
Property description & features
- Freehold Commercial Property
- Leasehold Option Available
- Currently Trading as a Barbers Shop
- Space For Coffee Shop
- 4 Bedrooms Above Producing Income of £22,080 PA
- Prominent Main Road Location
- Tattoo Licence
- Garden With Brick Built Outbuilding
Freehold Barbers Shop Located In Earlsdon
Leasehold Option Available
4 Bedrooms Above Producing (£22,080 pa)
Tattoo Licence
Ref 2761
Location
This delightful Freehold Commercial Property is located in the highly desirable area of Earlsdon in Coventry. Situated within a prominent and highly visible corner position on Hearsall Lane where it meets Sovereign Road. Hearsall Lane leads to the business park and the shop is between Warwick university and Coventry university. Both university's bring approximately 230,000 students to the area which is great for business. The shop has a bus stop outside and the area has an abundance of residential houses along with other businesses which bring decent levels of footfall to the area and Coventry city centre is within (1 mile).
Freehold Asking Price: £375,000
Leasehold Asking Price: £49,950
Business Description
Veritas Business Sales are delighted to offer for sale this unique Freehold Commercial Property which is located in Earlsdon. The commercial element trades as a barbers shop and was established by our client back in 2010 and is now reluctantly being offered for due to ill health.
Since ownership she has undertaken refurbishment, redecoration and invested in bespoke fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Rio Barbers is owner operated with an additional barber who operates on a rent a chair basis. Due to the owners ongoing health problems the business has operated at a gentle pace and comes with huge potential.
We believe that a young owner operator could take the business to a new level and also increase income by letting additional cutting chairs to other barbers or hairdressers. The space to the side and rear would also lend itself to maybe a coffee shop or other retail use. This premises are adaptable and could be converted into an alternative use subject to planning consent. With that in mind this is a great opportunity and as such early viewing is highly recommended.
Opening Hours
Monday - Friday - 10:00am - 5:00pm
Saturday - 9:00am -1:00pm
Sunday - closed
Leasehold Option
New lease to be granted
Term: negotiable
Rent: £24,000 pa
Rates: zero
Ground Floor
Salon lower level comprising: customer seating area, barbers chair, table, cloak rack and wooden retail display unit.
Salon upper level comprising: cutting station with barbers chair (Belmont) and wall mounted mirror, backwash with barbers chair and wall mounted mirror, barbers chair, electric water heater (Aquatronic), 2 x wall mounted shelves, wall mounted soap dispenser and wall mounted paper towel dispenser.
W/C with wash basin and electric water heater (Redring).
Retail area with barbers char, backwash, 2 x leather sofas, 2 x tables, door leading to the kitchen and rear patio doors leading the rear yard.
Fully fitted kitchen.
Hallway with stairs leading to the first floor.
First Floor
Double bedroom (Rented out for £480 PCM)
Double bedroom (Rented out for £480 PCM)
Single bedroom (Rented out for £440 PCM)
Single bedroom (Rented out for £440 PCM)
Shared bathroom to service the four tenants
Landing
The property benefits from gas fired central heating and UPVC double glazing.
External
Rear yard/garden with banana tree and rear gate. Brick built outbuilding with Double bedroom and bath ensuite.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 2761. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Veritas Business Sales - Solihull.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.