An excellent opportunity to acquire a versatile freehold commercial premises, offering a large open hall space suitable for a wide range of business uses (subject to any necessary consents).

Currently let and operating as a salon trading as Salon 74, the property generates an income of £1,300 per calendar month, which is considered Fair Rent rather than Market Rent, presenting clear asset management and rental growth potential. The tenant is currently holding over with no lease agreement in place and has confirmed they are open to taking a new lease, offering flexibility for an incoming purchaser.

The property benefits from a flexible internal layout that can be easily adapted to suit alternative commercial or community uses. The accommodation includes a spacious main hall, a separate kitchen area, and W/C facilities, making it practical for immediate investment or future repositioning.

The tenant will not be affected by the sale of the long leasehold, and the property will be sold subject to the existing occupation. A new 99 year lease is proposed from completion, with a ground rent of £100 per month.

This property would appeal strongly to investors seeking a secure income producing asset with scope for future uplift and adaptable commercial space.

Further details, measurements, and planning information to be provided.

Property Features:

- Offers in the region of £225,000
- Large open hall / main commercial space
- Currently let to Salon 74
- Passing rent of £1,300 per calendar month (Fair Rent)
- Holding over - tenant open to a new lease
- Asset management opportunity with rental growth potential
- Kitchen facilities
- W/C
- Investment opportunity
- Sold with a sitting tenant
- New 99-year lease from completion
- Ground rent: £100 per month

Location & Amenities:

• Located on High Street, Coalville, the property sits in the heart of the town centre, benefiting from strong footfall and excellent visibility. Coalville offers a wide range of local shops, cafés, banks, and services, all within walking distance.
• The area is well-connected with convenient access to major road networks including the A511 and M1, making it easily accessible for both customers and staff. Public transport links are also nearby, providing further convenience.

Interested? Contact Ruut Homes today to arrange a viewing.