BUSY AND WELL ESTABLISHED LAUNDERETTE

Ref : M3472

Price

Freehold : Offers in the Region of :: £295,000.00 SAV SOLE AGENTS

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.

  • Busy and well established laundrette.
  • Prominent main road site in popular residential area of Plymouth.
  • Large period property well maintained throughout.
  • Fully equipped laundrette with office, staff kitchen/utility, extensive store/stockrooms and large garage/workshop.
  • Attractive self-contained two bedroom flat.
  • Turnover approx. £75,000 per annum plus flat rental income approx. £6,000 per annum.
  • Healthy net profit.
  • Retirement sale after 27 years. Viewing essential.

This thriving and well established laundrette occupies a prominent main road trading position in Wilton Street in the heart of the popular and sought after residential area of Stoke in Plymouth.  The surrounding area is densely populated with a variety of housing including large individual period properties, flats and bed-sits, with Plymouth’s main city centre only 1 mile away.  Consequently, the business enjoys excellent and consistent year round levels of 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 are end of terrace and believed to have been originally built circa 1900s and for the main appears to be of traditional construction with rendered and painted elevations under a pitched slate roof.  A more modern extension was added to the rear, which provides a large workshop and garage area under a flat roof.  The property has been well maintained throughout and briefly comprises a fully equipped laundrette with office and staff kitchen/utility on the ground floor, together with extensive store/stockrooms, toilet and large garage/workshop to the lower ground floor.  In addition, there is an attractive self-contained two bedroom flat to the first floor.  The flat is currently let and generates a modest rental income of £500 per calendar month.  An early viewing appointment is strongly recommended to fully appreciate the location and appeal of this profitable and well established laundrette business which is now only offered for sale after 27 years as our clients intend to retire.  

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Office Address

Huntley & Partners
117 Ridgeway
Plympton
Plymouth
Devon
PL7 2AA

Telephone

01752 206020

(24hr answering service)