Summary - Priory Road, N8 N8 7RD
1 bed 1 bath Retail Property (high street)
**Key Features:**
- Prime location on Priory Road, Crouch End, N8
- Established hair salon with 32 years of successful trading
- Generous 500 sq ft commercial space with desirable E class usage
- Excellent reputation and loyal customer base
- Assignment of 15-year lease with 8 years remaining; break clause in 2 years
- Competitive rent of £14,337.81 per annum with a 2% yearly increase
- Included fixtures, fittings, and equipment for a premium of £55,000
**Summary:**
Discover a unique opportunity to own a well-established hair salon situated on the bustling Priory Road in the heart of Crouch End. Spanning 500 square feet, this bright and modern commercial unit boasts a welcoming atmosphere with high ceilings and quality tile flooring. Just steps from Priory Park, this location offers a blend of residential charm and vibrant local amenities, making it a prime spot for retail success.
With an impressive 32-year trading history, the salon enjoys a loyal customer base, guaranteeing immediate foot traffic and recognition. Commanding an attractive annual rent and favorable lease terms, this property also presents potential for future renovations or expansions. However, note that the remaining lease term (8 years) could pose challenges for financing.
This retail property, well-suited for family-run businesses or investors seeking a reliable income stream, offers both comfort and growth potential in an affluent area characterized by low crime rates. Act quickly and seize your chance to own this exceptional salon, as opportunities like this in such a desirable location are rare to come by!
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