PROFITABLE LAUNDRETTE WITH SEPARATE STUDENT ACCOMMODATION

This profitable and well established laundrette is located in a highly prominent trading position at the southern end of Mutley Plain, at the junction of Mutley Plain, North Hill and Alexandra Road. Mutley Plain is one of Plymouth’s busiest shopping thoroughfares which currently has three national supermarket chains, a number of national retailers, as well as a full and varied selection of independent trades and businesses, all of which are serviced by a large public car park.

The unit enjoys a highly visible trading position and is within easy walking distance of Plymouth’s expanding university and main student halls of residence. Mutley Plain generates a consistent year round custom from local residents and, of course, students, all of whom live within the surrounding residential areas of Mutley, Peverell, Mannamead and Greenbank. As a result, the business enjoys an excellent and profitable year round trade.  

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 comprises a four storey mid-terraced Victorian property which is believed to date back to the 1880s and for the main appears to be of stone construction with rendered and painted elevations under a slate roof.  Under the present ownership, it has been well maintained. The laundrette is well presented and is comprehensively fitted and equipped throughout, with a small office and stockroom to the rear, together with a large lower ground floor basement storage area which in the past has been utilised as a service laundrette area. There is a self-contained four bedroom maisonette to the upper floors which lets consistent due to its close proximity to Plymouth University and main city centre.  An early viewing appointment is highly recommended to fully appreciate the location and appeal of this profitable business which generates a healthy income with limited owner input.