Launderette in South London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, SW London

Price £65,000

Features

Launderette (closed)

CLOSED SOLELY DUE TO THE OWNERS ILL HEALTH

DOUBLE FRONTED PREMISES in the region of 935 ft² WITH ELECTRIC SHUTTERS, lino floor, suspended ceiling with fluorescent lighting, desk

1 large washing machine
3 working out of 4 medium washing machines
3 working out of 5 small washing machines
5 working out of 6 tumble dryers
1 working out of 2 spin dryers

Staff Toilet with w.c. and wash hand basin.
Kitchen

Basement in the region of 350 ft² for utilities & storage.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a current rent of £24,000 p.a.

Business Rates from April 2024 £9,106 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2004, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £65,000
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 32,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote