Established Investment Business Opportunity
STRATFORD-UPON-AVON is a thriving Market town offering excellent shopping, sporting, cultural, social and recreational facilities. It is within easy reach of many industrial and commercial centres of the Midlands and the Cotswolds are close at hand.
Junction 15 of the M40 motorway lies within 6 miles distant at Longbridge, Warwick, enabling good communications over the Midlands conurbation, via the M42, M5, M6 as well as affording a straightforward route to London and the south.
is situated in the popular and sought-after residential area of Old Town in Bull Street at its junction with College Lane.
The property comprises ground floor Laundrette together with ancillary accommodation and self-contained one bedroom first floor flat. The property offers an ideal investment/business opportunity of a “self-running” laundrette with coin operated machinery.
Ground Floor Laundrette with glazed retail frontage and glazed entrance door from Bull Street.
Overall Depth 32'4"
Internal Frontage 13'2"
Equipment (all coin operated) comprising:
9 Speed Queen top loading washing machines
2 Speed Queen front loading washing machines
2 duvet washing machines
7 Speed Queen gas tumble dryers (1 is extra large duvet)
Rear Office, WC and Plant Room with Baxi gas boiler, two Gledhill water tanks, and water softener
Double gates lead from College Lane to an enclosed rear courtyard (with pedestrian right of access over) with external staircase and small balcony.
The accommodation comprises double bedroom, living room, fitted bathroom and modern fitted kitchen with electric cooker, fridge and freezer and gas central heating with Worcester gas combination boiler. Double glazed windows.
The gross annual turnover has averaged £50,000 per annum over the last five years. In addition, the first floor flat is let on an Assured Shorthold Tenancy at £8,340 per annum. The asset register shows the cost of acquisitions at £87,812 including VAT and delivery (presently written down in accounts as £27,443).
The property is to be sold with the benefit of the existing business fixtures and fittings and plant equipment.
Only those items mentioned in these details are to be included in the sale. All other items are specifically excluded. A detailed inventory of the business fixtures and fittings will be prepared at the time of sale by the vendor.
The property is Freehold to be sold subject to the occupational tenancy of the flat, which is let on an Assured Shorthold Tenancy currently holding over on a month to month basis at a rental of £695 per calendar month.
The flat has gas central heating and electricity is separately metered. The water supply is combined for both the flat and the laundrette.
The EPC rating for the flat is D. The EPC rating for the laundrette is B. Full copies of the Energy Performance Certificates are available upon request.
Strictly by appointment through the Sole Selling Agents:
Peter Clarke & Co
Stratford upon Avon