Property Information
Address:
The Cloisters, Off Union Street
, KT1 1RS
Price: Property no longer available.
Size: 2500 sq ft
Primary Category: Shop
All Categories:
Shop,
Property Ref/Movehut: MH168666
Property Ref/Agent: 618
*Please use the agent ref when calling the agent directly.
Property description
Location:
Situated in a busy pedestrian only precinct with an exceptionally heavy footfall and located in the heart of the thriving shopping centre of up-market Kingston-upon-Thames.
The entire local area is surrounded by a wide variety of quality shops, supermarkets, department stores, fashionable restaurants, cafes, bars and outside spaces. The area is also well-served by public transport and there is a convenient multi-storey car-park close by. Substantial additional income is generated from the leasing of treatment chair spaces to individual franchisees.
Description:
The property comprises a substantial split level hairdressing/beauty salon featuring facilities for a comprehensive range of related beautician services available on the ground floor as well as a number of individual treatment rooms on the mezzanine floor that provide a welcoming and relaxed ambience for a discerning clientele. It is superbly and tastefully decorated,exuding the highest standards throughout.
Accommodation:
Total floor area approximately 2,500 sq. ft. arranged over two floors (c. 232.25sq.m)
Lease Terms:
Virtually all of a 10 year lease remains unexpired with a 5 year rent review
Rent:
£25,000 per annum reduced for the remainder of its initial two years to £12,500. A service charge is also payable.
Premium
£150,000 to include all fixtures, fittings, furniture, goodwill and the benefits of the balance of the favourable long lease
VAT:
To be advised
Business Rates:
We have been informed that the Business Rates payable are approx. £21,000 p.a.
Legal Costs:
Each party will be responsible for their own legal costs
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