Global Property Guide

Financial Information for the Residential Property Buyer

Mixed Use Spencers Wood

Full Description

A unique opportunity to acquire a growing freehold business with huge ongoing potential.

A 4 storey commercial property with A1 commercial use and C3 residential use. The top floor comprises 2 x 1 bedroomed apartments, currently used as office space and storage, but could be rented out or sold leasehold in the region of £200,000 each. Full property details, floorplan and photographs are attached below. 

Purpose built in 2014, and opened as a stunning hair and beauty spa equipped and fitted to a very luxurious standard in January 2015, Blissimi Hair Beauty & Medispa offers premium brand hair & beauty treatments. 

A well planned contemporary space, with 10 hair stations, 6 beauty treatment rooms, 3 pedicure stations, and additional 2 client nail bar, spray tanning booth, and a further 4 hair stations and nail bar in a separate basement treatment space, the salon can potentially accommodate 20 - 24 clients as the clientele grows. Having grown the current turnover with between 4 and 8 billing stylists/therapists at any one time, and a client base that started at zero and is now approaching 4000 in just three years, there is scope huge growth, especially with several thousand new homes being built nearby.

With a gross turnover in excess of £500,000 in the third year of trading (2017), the spa is currently open 5 days a week (Tuesday - Saturday), offering huge potential for increased trade as the team grows, with increased utilisation/productivity, and increased opening hours, both in number of days and longer hours. Planning permission allows 7 days a week trading.

Forecourt parking and gated private car park to the rear for up to 17 cars plus additional free street parking directly opposite the salon. 

A cash buyer or low funding requirement preferred due to business being only 3 years old. If further information is required, please complete the attached, registration of interest form and confidentiality/non disclosure agreement. Thank you.
Trading Hours:
Monday - closed
Tuesday 9am - 7pm
Wednesday 9 - 8pm
Thursday 9 - 8pm
Friday 9 - 6pm
Saturday 8.30am - 5pm

Tenure: Freehold, Leasehold 

Accommodation Details: 2 x 1 bedroomed apartments. 

Support & Training: Handover support provided following a sale. 
 
Freehold: GBP 2,000,000
Leasehold: GBP 550,000

Key Information

Property ID: 31310113
Location: United Kingdom, England, Berkshire, Reading, Spencers Wood
Categories:
  • Commercial
  • Mixed Use
Bedrooms: 0
Bathrooms: 0
Price:
  • £2,000,000
  • €2,376,710
  • $2,584,670
Short Description:

Stunning Luxury Hair and Beauty Spa with 2 x 1 bedroomed apartments in affluent Berkshire village