Business Summary

• LAUNDERETTE AND D/CLEANER RECEIVER
• LARGE FREEHOLD
• 3 BED SELF CON ACCOMMODATION
• GREAT INVESTMENT OPPORTUNITY
• WELL ESTABLISHED
• WELL EQUIPPED FOR THE TRADE
• GREAT POSITION
• IDEAL FOR ANY BUSINESS
• 30’ YARD AND GARAGE
• RENT FROM ACCOMMODATION
£850.00 PCM (minimum)

Description:
The property is an end terrace 2 storey building of traditional brick construction circa 1900

To the ground floor is a lock up shop that measures 527 square feet, beyond this there is ancillary storage of 197 square feet and this in turn leads to a rear lobby with a further rear storage room of 72 square feet as well as a single WC.

Externally the property has a private rear yard of approx. 30 feet deep and there is a single detached garage at the rear which is approached via vehicular access off the side road to the right of the premises.

We estimate that the open market rental value of the shop as of October 2013 to be circa £15,000 pa.

Above the shop is a residential flat that is approached via a shared pedestrian access. The self-contained flat is approached via an internal staircase off the rear lobby towards the rear of the shop.

The accommodation is arranged as 3 bedrooms which includes a loft room which is arranged as the 3rd bedroom.

We estimate that the open market value of the flat is be £900.00 pcm, £10,800 per year

Therefore if the shop and accommodation were to be let separately this would give a combined rental income of around £25,800 per year.

THE BUSINESS:
The business operates primarily as a LAUNDERETTE and DRY CLEANING RECEIVER.

Both the LAUNDERETTE and DRY CLEANING have individual, separate access from the main pedestrian walkway.

The LAUNDERETTE is nicely fitted with a range of 10 washing machines and 5 dryers.

Tenure:
£374,995 FREEHOLD

Business Rates:
T.B.C

Turnover:
WE ARE INFORMED the turnover averages £1,500/£1,700 including service washes plus Dry Cleaning Receiver

Staff:
The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours:
0800-1830 Monday to Saturday
0800-1400 Sunday

Legal Costs:
Each party to cover their own legal costs

Price:
We are instructed by our vendor client to offer this FREEHOLD PREMISES AND business for the realistic price of £374,995

Property Details