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LONG ESTABLISHED AND SUCCESFUL LAUNDERETTE FOR SALE
Offers sought for the going concern of the business in excess of £10,000. |
The long established business has been successfully running for over 44 years and the unique opportunity arises due to pending retirement. The owner is happy to provide accounts and discuss the business model with all genuine applicants.
LOCATION:
Truro is well established as the principal retail centre for the County of Cornwall and provides some of the most attractive and comprehensive shopping in the south west. In addition, the Cathedral City is the administrative centre for the county with public sector occupiers including Cornwall Council and the combined Crown and County Courts. The city has a resident population of around 20,000 persons but has a catchment population of 265,000 persons which is increasing at an above average rate.
SITUATION:
The premises are situated on the inter-junction of Bosvigo Road and Chapel Hill, a short walking distance from both the City centre shops and Truro Railway Station. Surrounding users are a mix of residential and commercial, including Tregunna Builders and Funeral Services, Bosvigo Primary School and Calmante hairdressers. The property is readily accessible both by foot and car.
DESCRIPTION:
The well presented premises comprise self contained accommodation with extensive glazed frontage. The Launderette itself provides washing machine and tumble drying facilities and ironing services. A separated office area provides additional administration space, incorporated within the dimensions shown below. The shop has toilet facilities.
ACCOMMODATION: (All dimensions and areas are approximate)
Ground Floor Sales 59.5m² (640sqft)
Storage/sales 11m² (118sqft)
Office 5.2 m² (56sqft)
Toilet Facility
LEASE DETAILS:
The property is let on a effectively on a full repairing (by means of service charge) and insuring Lease for a term of 6 years with effect from 25th March 2021. The passing rent is £10,000 per annum increasing to £12,500 in year 3. A Tenant only break clause is incorporated on the third anniversary of the term.
BUSINESS GOODWILL:
The long established business has been successfully running for over 44 years and the unique opportunity arises due to pending retirement. The owner is happy to provide accounts and discuss the business model with all genuine applicants. The sale of the business includes all fixtures, fittings, plant and machinery, some of which is on lease hire agreements which will provide details. There is identified potential to increase the current turnover with recent thriving activity in the most recent months.
PURCHASE PRICE:
Offers sought for the going concern of the business in excess of £100,000 is sought for the interest.
BUSINESS RATES:
Rateable Value: £11,000 (1 April 2023 to present).
For further information regarding rates payable and eligibility for small business relief contact Cornwall Council - Tel: 0300 1234100
VAT:
We understand no election to tax has been made and consequently there will be no VAT payable on the sale price.
SERVICES:
Mains electricity, metered water and drainage are connected.
We have not tested the services connected to the premises and the prospective buyer should carry out their own inspections.
PLANNING:
Interested parties should satisfy themselves that their proposed use complies with the existing planning consent.
LEGAL COSTS:
Each party is to be responsible for their own legal fees in the transaction.
MONEY LAUNDERING REGULATIONS:
In line with The Money Laundering Regulations 2017, Charterwood are obligated to verify ID for all clients that are conducting property transactions through the Company.
VIEWING:
Viewing arrangements may be made through agents Charterwood on (01872) 261216. Jointly instructed with Nationwide Businesses.
Contact Chris Waters – chris@charterwood.com
or Rosie Brenton – rosie@charterwood.com
ENERGY EFFICIENCY RATING:
THIS PROPERTY HAS A RATING OF 120 (BAND E)
Certificate Reference Number: 0620-0434-7529-0705-8006
Report Reference Number: 0050-2958-0424-7670-4000
The Agents have not tested any apparatus, equipment, fixtures and fitting or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor and Surveyor. References to the tenure of the property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.
CHARTERWOOD for themselves and for the Vendors or Lessors of this property, whose Agents they are, give notice that:
1. The particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer of contract;
2. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and intending purchasers or tenants should not rely upon them as statement or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;
3. We have not tested the services nor fixtures and fittings. It will be the responsibility of potential purchasers to satisfy themselves as to their condition.
4. No person in the employment of Charterwood has any authority to make or give any representation or warranty in relation to this property.
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