Old Established Launderette. | | Undisclosed Essex | | Spacious double fronted SHOP, in the region of 1000 sq. ft., with tiled floor. Equipment includes 8 16lb. Ipso front loading washing machines, 1 30lb. Ipso front loading washing machine, 1 35lb. Ipso washing machine, 4 small gas tumble dryers, 1 large tumble dryer, boiler, etc. | | ADVERT NUMBER : 16948
ADVERT IMPRESSIONS : 22,155 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Launderettes | | SALE: | Agent Sale | FREEHOLD: | £350000 | LEASEHOLD: | £50000 | | | | | BUSINESS DETAILS: | Location Situated in a parade, main road trading position, densely populated residential and commercial area, ESSEX.Opening Hours Monday/Saturday incl. 7.30 a.m. - 6.30 p.m.
Sunday opening 8 a.m. - 2 p.m.Turnover WE ARE INFORMED the turnover averages 1,200/1,300 p.w., in our opinion offering further potential to increase in the right hands.
Charges, small washing machine 3. 30lb. washing machine 4.80, 35lb. washing machine 5. In the event of it being a service wash, small machine 8.90, 30lb. washing machine 11.90, 35lb. washing machine 12.90. Tumble dryers charges at 20p. for every 3 minutes, 50p. for 8 minutes, and 1 for 15 minutes.Tenure The vendor owns the freehold and, subject to satisfactory references, is prepared to grant a new 16 years' full repairing and insuring lease, at a rental of 17,000 p.a. excl. of rates for the first 4 years, with rent review at that time and thereafter every 4 years.
As you will appreciate, with the rental income from the self contained flat and the garage, the net rental payable at the present time would only be 7,700 p.a. exclusive of rates.
RECOMMENDED FOR EARLY INSPECTION.Price PRICE TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS, 48,000 o.n.o. plus stock at valuation.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS, 350,000 plus stock at valuation.
SUBSTANTIAL MORTAGE TO AN APPROVED APPLICANT.Accommodation The accommodation, in the form of a SELF CONTAINED FLAT OVER, fully double glazed and with full gas fired central heating, is at present let on a short hold tenancy and provides a rental income of 700 per month.
The flat comprises:
3 bedrooms (2 doubles with fitted wardrobes, plus 1 single).
Bathroom with bath, w.c. and wash hand basin.
Lounge.
Kitchen.Outside Small garden plus garage (let and providing a rental income of 75 per month.Staff The business is at present operated by the vendor, with the assistance of 1 part time staff. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
