No longer on the market
This property is no longer on the market
Floorplan
MapRetail property (high street)
Features and description
- Hair and beauty salon
- Two storey end-terraced premises
- Potential for conversion to residential (STPP)
- Parking available to the rear
- Well located
- Freehold title
Video tours
On the ground floor there is a hair salon, barbers, washroom, kitchen, storage and W.C., and to the first floor there are three beauty rooms, a nail room, bathroom and waiting area. To the rear of the property there are three public parking bays. We are advised the property the salon is currently generating an income in the excess of £25,000 with the potential to increase once fully occupied.
Alternatively, the property could offer potential to be converted back into a large residential property (subject to planning permission).
Rooms
Location
The subject property is well located along North Road West. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.3 miles from Wingate village centre and approximately 4.7 miles from Peterlee town centre.
Accommodation
Ground Floor
Barbers (4.8m x 4.1m)
Hair Salon (5.9m x 5.3m)
Wash Room (2.9m x 2.6m)
Kitchen (3.2m x 2.8m)
Storage (3.2m x 2.9m)
W.C.
First Floor
Beauty Room 1 (4.5m x 3.5m)
Beauty Room 2 (3.1m x 3.1m)
Nail Room (4.2m x 2.8m)
Beauty Room 3 (3.3m x 1.9m)
Waiting Area (2.9m x 1.5m)
Bathroom
Business Details
The business currently trading as ''Seraph hair & beauty and the Barber lounge'' is owner occupied and currently has 5-6 self employed staff members with the ability to add another 6-7 members. We are advised the property the salon is currently generating an income in the excess of £25,000 with the potential to increase once fully occupied.
Business Hours
The business hours fluctuate to accommodate clients needs with staff members sometimes working 7 days a week at peek season.
Tenure
Freehold. Title number: DU87757
Rateable Value
The adopted rateable value is £4,750 as of 1st April 2023.
Sourced from VOA.
EPC
We currently await a copy of the Energy Performance Certificate.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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