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Old established LAUNDERETTE.
For Sale
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Description : |
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. |
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Location : |
Situated in a parade, main road trading position, densely populated residential and commercial area, ESSEX. |
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Trading Hours : |
Monday/Saturday incl. 7.30 a.m. - 6.30 p.m.
Sunday opening 8 a.m. - 2 p.m. |
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Staffing : |
The business is at present operated by the vendor, with the assistance of 1 part time staff. |
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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. |
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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
URGENT SALE REQUIRED |
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