Retail property (high street) to rent
Property description & features
- Retirement Sale
- Accounts available upon request
- Rent Guide for the shop £18,000
- £19,000 premium to include goodwill, fixtures and fittings
- On street parking available
- TUPE to apply
- Stock to be bought via separate negotiation
Viewing will be arranged strictly by appointment with the agents. Prospective purchasers will be required to submit details of their interest and viewing will only be arranged once the current tenant has approved the application. Purchasers should email with details of current experience in hairdressing together with proof of funds for the premium. Viewings can only take place on a Monday when the Salon is closed.
The Salon is located on Ledbury/Winslow Road in the city of Peterborough, Cambridgeshire and positioned under 2 miles from the Queensgate Shopping complex in the centre of the City. The Salon is in a parade of retail units including Spices World, Fish and Chip Shop, Morrisons local store, an off licence and a Meat and Vegetable supplier among others.
Offered for let on a new 5 year FRI lease with a 3 year review and break - The rent will be £18,000 per annum and premium of £19,000 to include the Goodwill & F&F. A deposit equal to 3-month rent will be required and there will be a contribution to the Buildings Insurance arranged by the Landlord. Rent is paid quarterly in advance. Tenants will be liable for their own utilities.
There are also capabilities to formulate two complimentary standing stub tenants in place producing an additional £10k in revenue.
TUPE to apply and more information on staff transfer will be available upon successful engagement.
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