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Property features
Prime retail location.
Ground & lower ground floors.
Ten year lease at £48,000 per annum
Potential to add one bed flat (STNC)
About this property
DESCRIPTION
37 Western Road comprises a ground floor open plan sales area with a lower and upper mezzanine at the rear comprising treatment rooms and lower ground floor storage and W.C. This Class E unit is currently trading as a beauty salon.
RESIDENTIAL DEVELOPMENT OPTION
Subject to planning (and other necessary consents) there is the opportunity to incorporate a one bed flat accessed from Clarence Square.
Indicative architects plans on the following page marked Residential Option Plans.
We are advised that there has been informal discussions between the tenant and landlord on regearing the lease. The tenant would retain the basement and a reduced ground floor sales area.
LEASE
Held on an effective FRI lease dated 12th December 2024 for a term of ten years expiring 27th November 2034. Tenant break option and rent review 28th November 2029, passing rent £48,000 per annum exclusive.
TENANT
RW Beauty Property Limited, company no 13247528.
PRICE
Offers in the region of £675,000.
VAT
We are advised that VAT is not chargeable on the rental outgoings.
BUSINESS RATES
RV £39,500 UBR 43.2 p (Apr 2026/27).
ENERGY PERFORMANCE CERTIFICATE
Certificate No:9404-3049-0161-0200-9025,
rated 88 D, valid until 27th January 2026 .
LEGAL COSTS
Each party to be responsible for own legal costs.
MONEY LAUNDERING REGULATIONS
Under the Money Laundering Regulations 2017 (as amended) we are legally required to obtain proof of funds and identity.
Key details
1190ft2 floor area
Freehold
Additional information
Near the property
Location
Rooms and dimensions
Ground Floor
Sq Ft: 713 Sq M: 66.2
Lower Ground Floor
Sq Ft: 477 Sq M: 44.3