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£75,000 OIRO
An exceptional opportunity to acquire this retail unit in the heart of vibrant Bloomsbury, WC1N. Situated in one of Central Londons most sought-after location that is Marchmont Street, this property benefits from an outstanding position surrounded by an eclectic mix of shops, eateries, cultural landmarks, and leading educational institutions.
Gino Hairdressing is a well-established salon with over 10 years of success, beautifully designed and finished to a high standard throughout. Built from the ground up, the premises feature a modern, stylish interior highlighted by quality fixtures and fittings. Currently operating as a ladies hair salon, the space offers an elegant open-plan layout with five fully equipped styling stations, a private beauty treatment room, a comfortable staff area, and a contemporary bathroom. The unit provides an excellent turnkey opportunity for continued salon use or alternative beauty-related operations.
The area boasts excellent transport links and enjoys consistently high levels of footfall from local residents, students, professionals, and tourists alike. The area is renowned for its diverse mix of shops, restaurants, and cultural attractions, as well as excellent transport connections.
Premium: 75,000
Annual Rent: 24,000
Business Rates: 19,000 per annum
Lease Term Remaining: 5 years
This is an ideal setting for operators seeking to establish or expand their presence in a bustling, prestigious neighbourhood with strong daily pedestrian activity.
Interested parties are encouraged to view the business to appreciate its full potential. A stylish, well-loved salon with great reviews and huge room to grow
Tenure: Leasehold (5 years)
Map location is not available for this property.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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