Investment opportunity

Torquay, Devon

£115,000999 year Lease
40 Tor Hill RoadTorquayDevonTQ2 5RFView Map

A fantastically presented and equipped traditional barbers for situated in the heart of the sought-after coastal town of Torquay, Devon. The business has been established for many years and is only now being placed on the market due to retirement. It has a strong loyal following and benefits from a prominent location which advertises the shop very well. The premises have been professionally retro fitted out and has a large unused treatment room which could be used for a tattoo parlour, beauty treatments etc. or just simply for additional cutting stations. The property can be purchased with vacant possession if desired.

The Castle Barber Shop is ideally located on Tor Hill Road, Torquay which enjoys prime location, good footfall and passing vehicle traffic and is ideally situated in the very heart of the perennially busy town centre. Positioned within walking distance to the main town centre, seafront and harbour with convenient parking nearby.

The business has been successfully owner operated with part time assistance for many years but the owners now wish to pursue retirement. The premises are unique and look the part of a traditional barbers. The business is offered with a leasehold or 999 year lease option or even with an option to purchase the freehold after a period. A full hand over will be provided if needed and we the agents feel that because of the vast space on offer, the premises could easily accommodate more cutting stations or even additional services. You could convert the 1st floor into a self contained apartment (after seeking planning advise). Actual trading accounts will be made available following a successful formal viewing.

ACCOMMODATION COMPRISES

Door through part glazed door to

CUSTOMER WAITING AREA. 7.05m x 2.63m

A lovely open and bright area with long bench seating for approx. seven customers, two-seater leather sofa, storage cabinet and glass fronted display cabinet with retro point of sales memorabilia.

SALON CUTTING AREA. 7.06m x 2.36m

This area benefits from 3 x cutting stations each with its own large mirror, electrics and retro design Bowmont customer swivel chairs. The cutting stations are impressive and are bespoke fitted with elaborate dark wood. This is to recreate a traditional barber shop, together with black and white square flooring and 4 x chandeliers.

STAIRS TO

1st FLOOR

SALON CUTTING AREA 2. 4.19m x 2.87

This area has a large atrium window creating much natural daylight to this second area. This space benefits from a cutting station and back wash, wood flooring and both ceiling and wall mounted lighting. Within this room is  a storage cabinet, shelving for products and door to

TREATMENT ROOM. 4.19m x 2.26m

A large room which could be a treatment room, tattoo parlour or additional room with cutting stations.

KITCHEN. 3.19m x 1.99m

A well-equipped kitchen with an array of base fitted units with inset single stainless-steel sink and drainer. There is also ample worktop space, water boiler, washing machine, fridge and sterilisation machine.

TOILET

With a WC and wash hand basin

PARKING

Immediately to the front is free short-term parking and pay and display nearby.

FIXTURES AND FITTINGS

All trade fixtures and fittings except for our vendor’s private inventory will be included in this sale. A full inventory will be provided prior to exchange of contracts. All stock will be sold at valuation on completion. No testing of these fixtures or any appliance has been undertaken by the agents, Ware Commercial.

OPENING TIMES

Tuesday – Thursday           09.00 – 5.30pm

Friday                                    09.00 – 6.00pm

Saturday                               09.00 – 4.00pm

Sunday & Monday             CLOSED

BUSINESS WEBSITE:

www.thecastlebarbershop.com

SERVICES

Mains, electricity water, broadband and drainage are all connected. No testing of these services has been undertaken by the agents, Ware Commercial.

BUSINESS RATES

Please make enquiries on the local valuation website (VOA) at www.voa.gov.uk

(Currently the property is fully exempt from business rates because of small business rates relief)

TENURE or FREEHOLD

LEASEHOLD £39,500       plus SAV

999 year lease    £115,000     plus SAV or with vacant possession

VIEWINGS.

All viewings and enquiries are to be made through the agents, Ware Commercial.

TEL. 01803 328880 or 01392 462266 Email. [email protected]   www.warecommercial.com

Misrepresentation Act

Misrepresentation Act 1967. The Particulars are not considered a formal offer, they are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract nor be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, no liability can be accepted for their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars.