Recent content by Shaun234

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    Commercial Lease - Landlord's responsibilities around fixing building

    Hello All, I have a beauty salon operating from a ground floor of a mixed use building (with a first floor residential long leaseholder) for the past 4 years. During the leasing process, the property had leaks and it was pointed out to the agent and it was fixed (in hindsight temporarily). I...
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    Commercial Lease Advice - Hair and Beauty

    Thank you for your replies @StevensOnln1 @Scalloway @The Byre & @myfairworld !
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    Commercial Lease Advice - Hair and Beauty

    Not sure if I posted in the wrong location, any help would be much appreciated!
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    Commercial Lease Advice - Hair and Beauty

    Hello Everyone, After a long search and numerous rejections, I have finally found a commercial property. I am planning to start a Hair and Beauty business. Now my questions are - The property is an A1 but it had an off license/convenience store before and is closed now. My understanding A1...
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    Hair and Beauty Salon Interior Design

    Thank you billmccallum1957.. it is very helpful :)
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    Hair and Beauty Salon Interior Design

    Hello All, I am likely to buy a Hair and Beauty Salon. However the place looks very old and dull. I want to redo the entire interior and change fittings to make it look modern/contemporary. Can anybody suggest if how much approximately it would cost for a 1000 sq feet (5 styling stations, 2...
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    Loans for buying a business

    Thank you everyone for your answers, it helps. Basically it is to buy an established beauty treatment business in London. Yes my wife would be happy to be my guarantor. But would avoid putting up my house as security. I am already in talks with the banks... I will update the outcome. Thanks...
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    Loans for buying a business

    Hello All, I am considering buying a business (100k for the business and 2k rent pm). Also it would be secured sub-lease with the current business owner who has a long term lease with the actual landlord. While I can pool in some money (30%) to buy this business I would still need some...
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    Leasehold: Do I get any money back at the end of the term?

    Thank you all for your help. The 190k is indeed just for the business - in other words it is the premium I would have to pay for the the outgoing business owner for having developed the business and good will. I can recoup the amount if I choose to sell the business as clearly explained by...
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    Leasehold: Do I get any money back at the end of the term?

    Excellent replies guys... really appreciate it :):) So on an advert like the one below, I pay £190,000 for the lease and £25,000 on top of it. It is NOT either £190,000 or £25,000, just to be clear. Central s/w London, rent just £25,000 PA, reluctant sale, wonderful premises, confidential...
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    Leasehold: Do I get any money back at the end of the term?

    Thanks Andrew! Is it common in leasehold to pay for the leasehold and a rent on top of it? I am hearing also about premium... what is it then? Thanks
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    Leasehold: Do I get any money back at the end of the term?

    Hello All, I am a first time commercial property buyer so please bear with my stupid question! I am looking to get a Beauty Saloon in London on Leasehold. The advert says it is £150,000 leasehold and £24000 pa rent for a term of 7 years with rent review every 3 years. What does this mean...
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