*5 Bedroomed Courtyard House
*Let Salon Providing £10,200 pa
*Outbuildings with Development Potential
*Home + Income Proposition
*Independent Central Heating/Services
*Prominent Village Centre Location
*Well Maintained and Immaculate Throughout
*EPC Rating E
*5 Bedroomed Courtyard House
*Let Salon Providing £10,200 pa
*Outbuildings with Development Potential
*Home + Income Proposition
*Independent Central Heating/Services
*Prominent Village Centre Location
*Well Maintained and Immaculate Throughout
*EPC Rating E
A Commercial and Residential investment with hair and beauty salon let on lease to produce £10,200 pa, a vacant self contained five bedroomed house and a two storey outbuilding suitable for conversion to residential use subject to planning permission. There is a yard, patio and car parking area. The property is offered subject to the existing tenancy and lease with the successful business unaffected. The property offers a unique investment opportunity for home occupation with a solid income for long term investment.
The property is substantially built, very well maintained and the main building has been re-roofed in recent years. The hairdressing salon has underfloor heating and first floor accommodation with treatment rooms. The ground floor hairdressing salon provides over 500 sqft net internal floor space, there is also additional storage, office space, kitchen and three treatment rooms upstairs.
The house and living accommodation provides on the ground floor a spacious sitting room, kitchen, first floor five bedrooms and a family bathroom, outside two storey outbuilding comprising garage, storeroom and loft. There are entirely separate services and central heating systems. The house is well maintained and offered with vacant possession.
The village of Collingham has a population of over 2,800 people with a major housing development currently taking place. The village is an important employment centre with up to 400 employee jobs in the locality, There are local shops including a modern Co-op supermarket, a convenience store, family butchers, post office, public house, restaurant, medical centre, dental surgery and pharmacy.. The village has a railway station and regular services to Lincoln, Newark and Nottingham. The A1, A46 road intersections are within 4 miles. Rail services from Newark Northgate to London Kings Cross provide journey times of just over 75 minutes.
Substantially built with brick elevations under an interlocking tiled roof, the property provides the following accommodation:-
Hair And Beauty Salon (Let On Lease) -
Salon (107 High Street) - 10.31m x 4.70m (33'10" x 15'5") - Plus bay 17'8" x 2'8"
Ceramic tiled floor, sealed unit double glazed display window, exposed beams and pillars, recess measuring 11' x 6', staircase and circulation area. There is underfloor (wet system) heating.
Store Room - 1.83m x 1.83m (6' x 6') -
Office - 2.08m x 1.98m (6'10" x 6'6") - With radiator. An indoor room with no natural light.
Wc - With low suite WC.
Kitchen - 2.67m x 1.93m (8'9" x 6'4") - With sink unit, Logic gas fired central heating boiler and radiator.
First Floor Landing - 3.73m x 3.56m (12'3" x 11'8") - With radiator.
Treatment Room One - 3.51m x 2.44m (11'6" x 8') - With two radiators.
Treatment Room Two - 2.74m x 2.44m (9' x 8') - With basin and radiator.
Treatment Room Three - 3.71m x 2.59m (12'2" x 8'6") - With basin and radiator.
The House (109 High Street) - The entrance and courtyard with parking space and access to the outbuildings is private to the main house and does not form part of the salon lease.
The property has gas fired central heating and UPVC double glazed windows.
Ground Floor -
Canopy Porch -
Sitting Room - 4.60m x 4.29m (15'1" x 14'1") - With fireplace and provision for electric fire, picture rail and dado, centre ceiling rose and spotlights. Double panelled radiator.
Kitchen - 4.27m x 3.51m (approximate measurements) (14' x 11 - With wall units, base cupboards, working surfaces, sink unit, electric hob, oven and hood. Cupboard containing the Baxi combination central heating boiler.
First Floor - A winding staircase leads to the first floor landing with archway and inner landing.
Bedroom One - 3.94m x 3.71m (12'11" x 12'2") - With arched chimney breast reveal and radiator. A pleasant room, adaptable as an additional sitting room.
Bedroom Two - 3.48m x 2.57m (11'5" x 8'5" ) - With radiator and built in cupboard.
Bedroom Three - 3.96m x 2.44m (13' x 8') - With radiator and centre ceiling beam.
There is a flight of stairs to the left of the winding stairs and a long landing with radiator.
Bathroom - 3.33m x 1.73m (10'11" x 5'8") - With bath, with electric shower and screen, pedestal basin and low suite WC. Radiator, fully tiled walls.
Bedroom Four - 3.28m x 2.49m (10'9" x 8'2") - With built in linen cupboard and radiator.
Bedroom Five - 4.32m x 3.43m (14'2" x 11'3") - With hob fireplace, built in wardrobe and drawers, radiator, dado and picture rail.
A winding staircase leads to the second floor:-
Attic Room - With hob fireplace and connecting door to the roof space.
Outside - The tarmacadam side vehicular access forms part of the freehold. This is subject to rights of way to neighbouring properties.
An archway leads to the house and the outbuildings:-
Garage - 5.38m x 3.73m (17'8" x 12'3") - With brick floor, cold tap and loft above.
Storeroom - 3.61m x 2.97m (11'10" x 9'9") - With brick floor.
Open Barn Garage - 4.27m x 3.66m (14' x 12') - With blue brick floor. Outside closet.
Services - Mains water, electricity, gas and drainage are all connected to both properties independently.
Ratable Value - 107 High Street - £9,100 subject to small business relief.
Council Tax (109 High Street) Band C
Lease - The self-contained salon and first floor accommodation is let on lease to Eclipse Hair and Beauty Salons Limited for a term of 5 years from November 2017. There is a rent review on the third anniversary of the lease. The current rent is £10,200 per annum. Landlord responsible for structural repairs but a fair proportion can be recovered from the tenants.
Insurance rent is paid by the tenant as a proportion of the overall insurance of the building. There is no break clause.
Tenure - The property is freehold.
Possession - Vacant possession of the house will be given on completion.
Mortgage - Mortgage advice is available through our Mortgage Adviser. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
Viewing - Strictly by appointment with the selling agents.
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