Summary - Julie Carter,28 Brentwood Avenue,NEWCASTLE UPON TYNE,NE2 3DH NE2 3DH
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Award-winning beauty salon established in 2004.
- Impressive turnover of £170,000 p/a with 1,145 active clients.
- Spacious 1,145 sq ft unit over ground and basement levels, featuring 4 treatment rooms and 1 tanning room.
- Located in an affluent area with excellent local amenities.
- On-street parking available.
- Phorest booking system and an established online store.
- 10-year lease remaining with rent set at £21,000 + VAT per annum.
**Notable Concerns:**
- Leasehold property may pose challenges for mortgage approval.
- Local crime rate is high, which could impact foot traffic and security.
**Summary:**
Discover a prime investment opportunity in Jesmond with this award-winning beauty salon, renowned for its exceptional quality and service. Spanning two levels, this tastefully designed space boasts modern features alongside charming Victorian elements, making it both inviting and functional. The salon has a dedicated clientele with substantial annual turnover and comes equipped with a proven booking system and an online store to enhance operations.
Nestled within a vibrant, affluent neighborhood, the property is surrounded by a plethora of amenities, ensuring convenience for customers and staff alike. Available for £70,000 plus stock at valuation, this leasehold property (with 10 years left on the lease) offers remarkable potential for further growth. While the high local crime rate is a consideration, the area’s affluence and excellent primary education facilities add significant value to this investment. Don't miss out—properties with such strong performance metrics rarely remain on the market for long!
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