Old Established Freehold Launderette For Sale

Business description

This old established freehold launderette has been in the same hands for the past 43 years and is now solely offered for sale due to the vendor's retirement.

SPACIOUS DOUBLE FRONTED PREMISES with tiled floor. The equipment includes 6 Ipso 16lb front loading washing machines, 2-25lb Ipso front loading washing machines, 5 gas tumble dryers, Potterton water boiler, water softner, 1,000 gallon stainless steel water tank.

Property information

Property:

Freehold

Lease terms:

Uniform Business Rates: £2,290 p.a. (after small business relief)

AS STATED THIS OLD ESTABLISHED LAUNDERETTE HAS BEEN IN THE SAME HANDS FOR THE PAST 43 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation in the form of a SELF CONTAINED MAISONETTE over with rear access DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises: 2 Double Bedrooms Bathroom with bath, w.c. and wash hand basin Large Lounge Kitchen

Location:

Situated in a parade, excellent main road trading position, densely populated residential and commercial area, SURREY

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £400 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Charges: 16lb washing machine £3.00 per wash. 25lb washing machine £4.60 per wash. Tumble dryer charged at 20p for each 4 minutes.

Service Washes: 25lb machine £12.00. 16lb machine £10.00

Reasons for selling:

OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS in excess of £400,000 plus STOCK AT VALUATION SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 8.30 a.m. - 6 p.m. (last wash)
Sunday opening - 8.30 a.m. - 4 p.m. (last wash)

Financing available:

SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT