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The business occupies an end of terrace property, fronting a busy main road which runs through Radcliffe. Our client acquired the property around 25 years ago and established the hairdressers at the same time. Today, due to our clients other commitments the business has recently ceased trade.
There is ample scope for an investor to convert the premises to residential accommodation; a bed-sit in this locale, appointed to a good standard would fetch in the region of £4,000 per year as a rental property. Given the main road location and the density of population in the area, the property would also suit a conversion to another business use such as a hot food outlet. Alternatively the existing business has huge potential to recapture former clients by opening normal salon hours and introducing a small scheme of local advertising.
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