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Retail premises for sale

£19,000

Torquay Road, Paignton TQ3

Interested in this property? Call +44 1803 268798 * or

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Property features

  • Well Established Hair & Beauty Salon
  • Located on a Popular and Busy Shopping Parade
  • Currently Run Under Management with Huge Potential to Increase Trade
  • Ideal Opportunity for those in the Hair & Beauty Industry
  • 7 Dressing Stations, 2 Backwash Stations, Beauty Room, Stock Room

Property description

LOCATIONThe Cutting Shop is situated in a central location on Torquay Road, the main road connecting Paignton and Torquay. The Salon is located on a popular and busy parade of shops including the Post Office, electrical shops, jewellers, banks and furniture shops amongst other retail outlets. Paignton is a flourishing seaside resort with a resident population in excess of 50,000.DESCRIPTIONThe salon is a well-established business which is currently run by a full time manager with the assistance of two part time stylists. There is also a beauty room which is rent out to a self-employed beautician. The ground floor unit has recently been redecorated giving a clean and fresh ambience to the salon. The business currently trades 9am-5pm Monday through to Saturday with early closing on a Wednesday afternoon. This well-equipped salon has seven dressing out stations along with two backwashes providing the next proprietor with huge potential to expand on the current business and therefore increase the turnover.

The premises comprises:-
Glass frontage with side entrance leading into:-


Main trade area


With Reception desk, customer seating area and display cabinet. Seven dressing out stations each with a wall mounted mirror, hairdressing trolley and hairdryer holsters. Two backwash stations with electric shower units, feature size mirror adding brightness to the salon and vinyl flooring. The salon also comes with a range of equipment including; professional hairdryers, ghd straighteners, heated rollers, sterilizing unit, heat processor, tongs, caps & gowns, tinting bowls, clippers and attachments and portable hooded dryer. Laminate flooring throughout.


Stock room & laundry room


Washing machine and tumble drier, roll top work surface, wall mounted product storage units and key pad for the alarm system.


Staff room


With sink and drainer, roll top work surface with storage cupboards below and assorted freestanding shelving units. Exit to internal corridor leading to the rear of the premises and communal refuse area.


Cloakroom


WC and wash hand basin.


General information

rateable value


2017 List: £6,300. This is not rates payable. For information, we advise you to contact the Local Authority, Torbay Council, Tel.


Business


Due to personal circumstances the business is currently run under management. With only 3 stylists at present the salon has the capacity to increase this number and therefore the level of business making this an ideal opportunity for those in the hair and beauty industry who wish to acquire a base for their services.


Tenure


We have been informed the Landlord will consider granting a new 6 year lease with 3 yearly rent reviews to the ingoing tenant, subject to satisfactory references, with further terms to be negotiated. The current rent is £8,000 per annum and the tenant will have repairing and insuring obligations. Ingoing tenant to be responsible for the Landlord's reasonable legal costs.


Services


The premises are connected to mains water, electricity and an L2 Fire Alarm System.


Inventory


To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.


Stock


Stock in trade will be taken over by the purchaser at valuation on the day of completion.


EPC rating G

Property info

What Zoopla users think of Paignton

Overall rating:

  • currently 4 stars
Very good - 75% (96 ratings)

Ratings breakdown:

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Community & safety
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Parks & recreation
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Nearby transport

  • Paignton (0.2 miles)
  • Torquay (2.0 miles)
  • Torre (2.7 miles)
  • Exeter International Airport (21.6 miles)
  • Cardiff Airport (67.1 miles)
  • Bristol Airport (75.2 miles)
  • Torquay Harbour Boarding Pontoon (2.4 miles)
  • Torquay - North Quay (2.4 miles)
  • Brixham Ferry Landing (3.7 miles)

Nearby schools

View all schools in Torbay
  • Sacred Heart Catholic School (0.2 miles)
  • Oldway Primary School (0.3 miles)
  • Curledge Street Academy (0.3 miles)
  • South Devon College (1.8 miles)
  • Eat That Frog C.I.C. (2.7 miles)
  • EF Academy Torbay (2.7 miles)
  • Tower House School (0.4 miles)
  • Torbay School (0.4 miles)
  • Paignton Community and Sports Academy (0.9 miles)
Note: Distances are straight line measurements

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For more information about this property, please contact
Bettesworths, TQ1 on +44 1803 268798 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bettesworths, and do not constitute property particulars. Please contact Bettesworths for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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