Prominent Beauty Salon Investment Property For Sale in Horsham

This property is marketed by:
Colyer Commercial Consultant Surveyors

Description

A prominently positioned and well-presented retail premises arranged over ground and first floor.

The property benefits from an attractive and wide glazed frontage to East Street, providing excellent visibility and strong pedestrian prominence within this busy town centre location. Internally, the accommodation has been fitted out to a high standard by the current occupier with a front retail area and additional treatment rooms on the ground and first floor. There is a rear kitchen on the ground floor and customer WC facilities on the 1st floor. To the rear, the property benefits from a pedestrian right of way from Denne Road to the rear of the property. NB the tenants occupy the adjoining property which does not form part of this ownership.

Specification: Beauty Secrets Limited is an established beauty and personal-care business providing a range of professional beauty treatments that was incorporated in September 2008. The business Beauty Secrets has been trading at the property since 1997. Beauty Secrets operate from five salon and spa locations across the South East including Horsham, Hove, Chichester, Godalming and Brighton. Their website describes them as a multi-award-winning family run salon group serving customers for over 40 years. According to a Credit Serve Risk report the tenant has a limited Risk Score of 61.

Rent / Price: Guide Price of £310,000 for the Freehold Interest. The price reflects a Gross Initial Yield of approximately 8%.

VAT: The property is NOT registered for VAT.

Legal Costs: Each party to be responsible for their own legal costs.

LOCATION

34 East Street occupies a prominent town centre position within the heart of Horsham, fronting the town's principal retail and leisure area. The property is situated close to the junction with Carfax and Market Square and benefits from strong pedestrian footfall generated by the surrounding mix of national retailers, restaurants, cafés and leisure operators. Nearby national and established occupiers within Horsham town centre include Pizza Express, Cote, Wagamama and Waterstones. The property is also within a short walking distance of Piries Place, Horsham's modern leisure and restaurant destination, which includes the Everyman Cinema, Premier Inn hotel, restaurants, cafés and outdoor dining areas, creating a vibrant day and evening economy within the town centre. Occupiers and attractions within Piries Place include Starbucks, Miller & Carter and White Hart together with a range of specialist retail and leisure operators.

Horsham itself is an affluent and expanding market town in West Sussex, located approximately 18 miles south of Crawley and Gatwick Airport, 30 miles north of Brighton and around 37 miles south of Central London. The town benefits from excellent road communications via the A24 and A264 linking to the M23 motorway network, whilst Horsham railway station provides regular services to London Victoria, London Bridge, Gatwick Airport and the south coast

EPC Rating: The premises has a rating of B (47). EPC certificate available on request.

Viewing: Strictly by appointment with the sole selling agents.