Ground floor retail unit arranged as a hair and beauty salon.
Accommodation includes:
Main salon area
Treatment room / office
Store
Modern salon fit-out
Prominent glazed frontage
Suspended ceiling with LED lighting
Timber effect flooring
Kitchen and WC facilities
Rear access
Tenancy: The property is let to an established hair dressing salon. Trading as Blush Hair & Extensions.
Lease Terms
Term: 5 years from 1 May 2023
Passing rent: £672 per calendar month (£8,068 per annum)
Rent review: Fixed 2.5% annual increases
Rent Schedule
Period Annual Rent
May 2023 - Apr 2024 £7,680
May 2024 - Apr 2025 £7,872
May 2025 - Apr 2026 £8,064
May 2026 - Apr 2027 £8,268
May 2027 - Apr 2028 £8,472
Figures as detailed in the occupational lease a copy of which is available on upon request.
Tenure: Long Leasehold Retail Interest together with Freehold Interest in the Building.
Residential Ground Rents: The flats have been sold off on long leasehold titles, however the freehold includes Ground rent income:
Flat 178a: £150 per annum
Flat 178b: 999 year lease at peppercorn rent
Building Insurance: Current building insurance: £591 per annum Retail contribution: One third
Investment Summary
Current passing rent: £8,068 per annum
