Retail premises to let in Gibson Street, Glasgow G12

Key Points

Description

The property comprises a blonde sandstone, tenemental building, under a pitched and tiled roof. The building is arranged over five floors providing retail accommodation on the ground and first floors and residential on the upper floors.

The glazed single frontage with flush entrance door sits under a non-illuminated fascia board. Internally, the space is rectangular with 5 hairdressing chairs and 2 washbacks in the main salon area. There is a private treatment room and WC to the rear. The ceilings are of plaster/paint and incorporate a mix of pendant and round LED lighting. The floor is covered in laminate. A comprehensive range of floor and wall mounted fixtures and fittings are included with the business. There are an additional 2 private treatment rooms on the first floor plus storage and WC.

Location

Glasgow is Scotland’s largest city and is situated in the central belt and on the west coast. There are four main motorways which run through the city putting it at the hub of Scotland’s road network. The town sits approximately 50 miles west of Edinburgh and connects the central belt via the M8 motorway network.

The property is located on the north side of Gibson Street close to its junction with Otago Street, within the Hillhead area of Glasgow's west end. In the immediate vicinity there are a number of bars, restaurants and shops, with Kelvin Bridge underground station also in close proximity.

Trading Information

Fusion Hair & Beauty trades as a gents and ladies hair salon. The business has been established over 23 years and is currently generating c. £6,000 per week in retail sales with two stylists. The business trades on a by appointment only basis.

The current operators have decided to sell the business due to a change in circumstance, thus creating an exciting self-employment opportunity. The operation prides itself on the personal touch and this would be vital for any new owner to have the same ethos and outlook. The bespoke service the current operators provide is reflective of the success of the business and in turn, the return custom.

We have been advised that all fixtures and fittings are owned outright and included within the goodwill purchase price. Proof of sales will be made available to seriously interested parties post viewing stage.

Price

Offers in the region of £95,000 are sought for the goodwill of the business, fixtures, fittings and stock.

Tenure

The lease is available by way of assignation, for the residual term of the lease, which expires in 2035. The current rent is £10,200 per annum and rent reviews are on a 3 yearly basis.

Rateable Value

According to the Scottish Assessors Association, the subjects have a Rateable Value of £9,900 with effect from April 2023.

EPC

A copy of the Energy Performance Certificate (EPC) is available upon request.

VAT

The subjects are not elected for VAT, therefore, VAT is not payable.

Legal Costs

Each party will be responsible for their own legal costs.