Hook Norton is a beautiful and thriving village in North Oxfordshire close to Chipping Norton and Banbury. Its population is approaching 2,500 with additional growth in the pipeline. The village has a strong sense of community and is home to a variety of different businesses including the famous Hook Norton Brewery.
The property is situated within a lovely courtyard development dating from the early 2000's including a range of apartments with shops on the ground floor. There is plenty of parking for customers. The property itself has been a salon since it was built and successfully run by the same owner for over 17 years.
The Opportunity We are offering both freehold of the ground floor shop and goodwill of the hair salon business including all fixtures and fittings. This opportunity suits a business person looking to own their own property and operate a salon business.
The Property The property is a ground floor hair salon including an accessible WC and a kitchenette. The property and services have been well maintained. There are two parking bays included. It comprises the following net floor area: 27.40 sq m / 295 sq ft
The Business Salon 2 has been trading for over 17 years. The owner will retire and will pass on the benefit of her goodwill, customer base, the fixtures, fittings and staff. The owner will not be setting up business elsewhere and will be able to provide all required assurances to this affect. A full inventory setting out all fixtures and fittings is available.
Business Rates The Rateable Value is £4,000. Small Business Rates Relief is available, meaning a qualifying business would not pay any rates.
Service Charge There is a modest charge of £100 p.a. levied for the upkeep of the communal areas of Heath Court.
Price The price for the freehold interest in the shop, the two parking spaces and for the goodwill of the business with fixtures and fittings is £140,000. The sale will attract VAT.
EPC Rating: E
Freehold The purchaser would own a share of the freehold of the ground floor shop and the first floor flat and the purchaser would then also be the beneficiary of the residue of a 999 year leasehold interest in the shop and parking spaces initially granted in 2012. The flat has been sold off on a long lease to another party.
Viewings Viewings must be carried out by arrangement.
Salon 2, 2 Heath Court, Queen Street, Hook Norton, OX15 5EGGBOxfordshireOX15 5EGQueen Street