Costa Tanz & Beauty, 380 Tonbridge Road, Maidstone, ME16 8TR

£14,000 per annum

Overview

Description

Location

Description

The business occupies a lock-up unit on the ground floor of an older style terraced property in a prominent position on a busy main road.
Having been established in 2020, the business has built a great reputation and enjoys both a strong income of around £150,000 and profits of around £75,000, as of trading year end 31st January 2025.

Location

Costa Tanz is located at a main junction on the busy A26 out of Maidstone towards Tonbridge and Tunbridge Wells, with other retail units and a public house around it.
Maidstone is the County Town of Kent, enjoying a wide range of shopping, schooling and recreational facilities.
The town is well served by three main line railway stations to London and the coast, as well as the M20 and M2 motorways on its doorstep, connecting up with the M25 and beyond.

Accommodation

The property comprises of a ground floor lock up unit, with its main entrance off the pavement leading into a reception and seating area. Off of this area there are four tanning beds, two lay down and two stand up. Nail Bar and beauty room. Small kitchen area, customer/staff WC and stock room. We understand that an area to the rear of the property has been prepared for two additional tanning rooms if a new owner wanted to further invest in the business.

EPC

Rating D (80)

Terms

The business is being sold with the benefit of all trade fixtures and fittings included and stock in trade on the day of completion would be payable in addition to the sale price.

Tenure Comments

The property is held on a 14 year lease from 1st July 2020, with rent reviews every four years, so the next review is in July 2028. The current rent is £14,000 per annum. We have been informed that the landlord may consider an extension to the current lease if required.

Rent/Price

The asking price for the business is £125,000.
The current rent is £14,000 per annum.

Rateable Value / Council Tax

The rateable value for the property is £13,250. This is not what you will pay, but will be used to calculate what you will pay.

VAT

Unless otherwise stated, all rents/prices are quoted exclusive of Value Added Tax (VAT) which will be charged at the prevailing rate. Prospective occupiers should satisfy themselves as to any VAT payable in respect of any transaction.

Viewing

Strictly by prior appointment through the Surveyors. Please contact Andrew Moore E: andrew.moore@sibleypares.co.uk.