PROFITABLE SELF SERVICE LAUNDRETTE
Ref : M1578
Unless otherwise stated all rental figures and asking prices quoted in the above details are exclusive of any Value Added Tax that might be applicable.
- Profitable and well established laundrette.
- Enviable position heart of busy shopping parade serving popular residential suburb.
- Substantial period property with a fully equipped self-contained laundrette unit together with spacious self-contained three bedroom maisonette.
- Laundrette income approx. £39,000 plus additional rental income approx. £7,500 from flat.
- Healthy net profit achieved with very little owner input.
- Freehols or Leasehold option available.
- Viewing strongly recommended.
This busy and well established self-service laundrette occupies a prime main road trading position in the heart of ‘Stoke Village’, an established commercial and shopping area which serves the popular residential areas of Stoke and Devonport in Plymouth. There is a full variety of businesses and trades represented within the parade and these include a Co-op Supermarket, pubs, takeaways, florist, bakery, hairdressers etc, all serviced by a free public car park. The surrounding area is densely populated which helps to ensure that the parade itself remains busy all year round.
Plymouth, with a population of over 250,000 is the largest city in the West Country. Largely rebuilt since World War II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards. The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail. Europe is also accessible by the car/passenger ferry which is operated from its terminal at Millbay Docks.
The premises are terraced and comprise a large period three storey property of traditional construction with rendered and painted elevations under a pitched slate roof. In brief, it comprises a comprehensively fitted self-contained laundrette with office/storage area to the ground floor, together with a spacious self-contained three bedroom maisonette to the first and second floor, which is currently let and generates a rental income of approximately £675 per calendar month. An early viewing appointment is highly recommended to fully appreciate the location and appeal of this well established laundrette which is comfortably run with very little owner input and generates a healthy net profit.
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