Turnkey Waterfront Salon & Beauty Fit-Out – Newport Marketplace

About the Business

An outstanding opportunity is available to secure a premium, professionally designed salon and beauty fit out in the heart of Newport Marketplace, positioned in a highly desirable waterfront location.

This offering is for the existing fit out together with an assignment of the current lease. It is not a sale of the KLIF trading business, goodwill or client database.

Completed in 2022 by Thomas Brown Shopfitters, the approximately 119m² tenancy features extensive custom joinery and quality Comfortel furnishings. The space has been designed to allow an incoming hair, beauty or compatible operator to rebrand and commence operating with minimal additional fit-out required.

Existing Fit-Out Includes
• Six fully equipped hair stations
• Three wash lounges
• Four open beauty treatment areas
• Two private treatment rooms
• Dedicated reception area
• Retail display area
• Extensive custom cabinetry and joinery
• Three separate back-of-house areas
• Existing plumbing and electrical infrastructure
• High-quality salon furnishings and finishes throughout

The layout also provides excellent flexibility for an operator wanting to accommodate multiple beauty professionals or independent contractors within the premises, subject to the lease conditions and landlord approval.

Lease Details
Approximately three years remaining on the existing lease, together with a further five-year option.

Current rent: $82,110 + GST per annum
Current outgoings: $20,744.28 + GST per annum
Security: Three months' rent by way of bond/bank guarantee
Lease assignment: Subject to landlord approval

An Exceptional Opportunity
Creating a salon of this calibre from an empty tenancy would require significant time, capital and coordination. This opportunity allows an incoming operator to secure an established, professionally fitted space in one of Newport’s premier commercial locations and concentrate on branding and launching their own operation.

Ideal for an established salon looking to relocate or expand, or an experienced operator wanting to establish a premium presence in Newport.

Fit out sale price available on application.

For further information, a confidential discussion or to arrange an inspection, contact Robert Green or Steve Isakka – Ray White One Group