Summary - 10, KING STREET ML9 3EF
1 bed 1 bath Mixed Use
Turnkey salon or conversion opportunity for rental income and capital growth.
Freehold mixed-use unit with salon fit-out included
A compact mixed-use property on King Street offered freehold at auction, currently set up as a tanning and nail salon. The shop is vacant and comes fully equipped, providing an immediate opportunity to re-open as a business or let for an estimated £9,000–£10,000 pa. Rateable value £3,350 means it currently qualifies for small business rates relief, which supports running costs.
The layout includes a reception, tanning rooms, nail/treatment area, kitchen, storage and toilet. Broadband and mobile signal are strong, useful for modern retail or service operations. Previously residential, the building has potential for conversion back to a residential unit (subject to planning), offering upside for an owner-occupier or investor prepared to refurbish.
Buyers should note the location sits in an area classified as very deprived with ageing urban demographics, which affects footfall quality and long-term demand. The property is being sold at auction and will require proactive management: potential purchasers must allow for refurbishment, regulatory compliance for salon equipment, and the usual costs of tenancy setup or conversion work.
This lot suits a hands-on investor seeking low entry price and clear routes to immediate income or a light refurbishment project for capital growth. The sale price reflects the auction process and the need for practical investment to realise the property's full potential.
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