Commercial

Mary Street, Sunderland , SR1 3NH

£89,950+

Call Us: 01661 831 360

The business and property is situated in the middle of Mary Street which is on the outskirts of the City Centre, close to the main bus and Metro stations at Park Lane Interchange.

The immediate area comprises a mixture of shops, offices and leisure operators but only a short walk away across the A1231, there are densely populated residential neighbourhoods.

This business has been in the same ownership since 1977 and is being placed on the market as the owners are planning their retirement. Turnover circa £50,000 per annum.

The business trades as a traditional ladies hair salon and gent’s barber shop which, as you would expect after over 40 years of trading, has built up a loyal and extended customer base. The ladies hair element makes up a higher percentage of turnover
and The central location has the benefit of bringing in business from workers, shoppers and nearby residents and there is a genuine opportunity to modernise and develop the services offered.

The upper floor is currently let out as storage to the adjacent occupier and although this brings in a steady income, the lease is short term and new owners of the salon could look to incorporate this space back into the salon.

Comprises a two storey mid terraced property of traditional brick construction with a slate roof over.

Property details provided by North East Commercial
EPC rating: D
Council Tax Band: Commercial
Tenure: Freehold

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 30 June 2022 OPTION 2

Ground Floor
With street access leading into;
Salon Area extending to circa 380 sq.ft. (35 sq.m) and set out
with a reception desk and 8 cutting stations.
Stockroom
Kitchen
W.C.

First Floor (suitable for conversion into a flat)
With separate front and rear street access and;
Lobby Area
Room 1 circa 227 sq.ft. (21.1sq.m.).
Room 2 circa 171 sq.ft. (15.9 sq.m.).
Kitchen
Toilets

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by North East Commercial. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £1000+vat (total £1200) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase. The business is currently ran by the owners with the help of 2 full time members of staff. The vendor has advised that a full inventory would be made available to bona fide enquiries prior to an exchange of contracts.
Detail awaiting vendors approval.

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