The property is a mid-terrace three storey building, providing retail accommodation at ground floor level and with the residential accommodation on the two upper floors with a separate entrance from Market Street.
The established Hair Central salon provides an attractive addition to the Market Street streetscape, benefitting from a decorative shop frontage within a Grade 3 listed building (HE1730).
Internally, the salon has been re-fitted by the current tenant – operating as a hairdresser – to a high standard incorporating the usual shop fittings together with a variety of basins and customer points to service the business. The unit has an integral kitchen / staff area and w.c. located to the rear of the unit.
The upper floors of the property have been stripped back to a shell condition and has planning consent to create 2 x bedsits with shower rooms on the first floor, with an area for storage on the first floor landing and a 1 x bedroom flat on the second floor. The Planning Application reference is P/2020/0347.
The Net Internal Area of the areas are approximate as follows:
Salon – 692 sqft 64.2sqm
First floor landing
Storage - 53 sqft ( 4.93 sqm )
Bedsit with shower room – 200 sqft (18.58 sqm)
Bedsit with shower room – 200 sqft (18.58 sqm )
Living/kitchen, double bedroom, shower room – 365 sqft (33.9sqm)
The ground floor is let to SRR Limited, t/a Hair Central with a nine year lease which extends to 28th June 2028 and with a rental received of £26,000 pa
The upper floors are currently vacant.
The opportunity exists to acquire the freehold of 7, Market Street, subject to the above noted lease, for a consideration of £600,000 exclusive of GST as applicable.
Each party to bear their own legal costs and any other cost incurred in the sale of this property.
Strictly by appointment with the Lessor’s sole agent.
Nick Trower MRICS
Director – Commercial
T. +44 (0)1534 880770
M. +44 (0)7797751558
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