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Retail premises for sale

£39,700

London SE26, UK

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Property description

Ref 5843 – Leasehold Hair Salon
Blacks Brokers are proud to bring to the market this leasehold hair salon located in a busy and much sought-after area of South East London.


Introduction


Second Creation has been trading from Sydenham Road since 1997 when our client set up the business. During this impressive trading history, the business has grown into a well-known and highly reputable hair salon with a large base of customers.


Location


Situated on a busy, main street, the business is well positioned close to many residential properties with other local shops and businesses close by. The area is densely populated with both residential and commercial properties, well linked by the A205 and has excellent public transport links in place. Parking is available in the immediate area.


Reason for sale


Second Creation is only being offered for sale due to our client’s relocation abroad.


Lease


The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The owner has recently signed a new lease (As of August 2017) at a cost of £250 per week with rent reviews every 5 years.


Building layout and design


Second Creation is housed within the ground floor or a large, double fronted retail unit with fully glazed frontage. Well branded with clear signage displayed, the business is well-presented and inviting. Inside, there is a small waiting area and reception counter with computerised booking system and till. To the left hand side of the main salon area, there are four hair styling stations with individual shelving and large wall mounted mirrors. Two styling stations are positioned to the rear of the space used for drying/waiting for further treatments. A doorway behind this space leads to the hair washing area with two backwash basins and chairs with fitted retractable showers. Additionally, there is a small kitchenette and doorway to cloakroom. All areas are modern and well-lit with wooden flooring throughout and all fixtures, fittings and equipment are of good quality and well maintained.


Staff


Second Creation is currently operating with only our client in employment.


Financial details


Financial details are available upon a viewing of the business and Second Creation has traded solidly over its trading history. The business generates weekly takings of £800 with 70% gross profits.


Summary


This leasehold proposition offers a new owner great opportunity to acquire a long-established salon with large customer base and really drive it forward, with potential for longer opening hours and days and the introduction of beauty services if desired. The new lease offered will be ten years in length and will be fully negotiated with the business sale. Early viewings are strongly advised. Business: £39,700.

Please quote ref: 5843

Property info

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Nearby transport

  • Sydenham (London) (0.4 miles)
  • Lower Sydenham (0.5 miles)
  • Penge East (0.6 miles)
  • London City Airport (7.0 miles)
  • London Heathrow Airport (18.3 miles)
  • London Gatwick Airport (20.2 miles)
  • Greenwich Pier (4.3 miles)
  • Masthouse Terrace Pier (4.4 miles)
  • Greenland Pier (4.8 miles)

Nearby schools

View all schools in Lewisham
  • Our Lady and St Philip Neri Roman Catholic Primary School (0.1 miles)
  • St Michael's Church of England Primary School (0.3 miles)
  • Alexandra Junior School (0.3 miles)
  • Kings London (1.3 miles)
  • LeSoCo (3.0 miles)
  • BRIT School for Performing Arts and Technology (3.2 miles)
  • Forest Hill School (0.5 miles)
  • Brent Knoll School (0.5 miles)
  • Greenvale School (0.5 miles)
Note: Distances are straight line measurements

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (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 Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers 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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