NEWQUAY LAUNDERAMA, 66 EAST STREET, NEWQUAY, TR7 1BE
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ESTABLISHED LEASEHOLD LAUNDERETTE TOWN CENTRE LOCATION SPACIOUS 3 BEDROOMED FLAT STRONG CONSISTENT SALES EPC RATING (A)
GUIDE PRICE £75,500 LEASEHOLD
B38227
LOCATION Newquay Launderama is centrally located at the top end of East Street, the main thoroughfare through the popular resort of Newquay on Cornwall's north coast. Well known for its famed surfing beaches and vibrant nightlife, Newquay enjoys an influx of visitors during the summer season each year. THE PROPERTY The business occupies a ground floor retail unit of approximately 550 sqft which includes a well equipped launderette, small office, store room and rear courtyard and benefits from a spacious 3 bedroom flat on the second floor and a parking space. THE BUSINESS The launderette trades all year round, opening from 9am to 5pm on Mondays and Fridays, 9am to 3pm on Tuesdays, Wednesdays and Thursdays and Saturdays and closing on Sundays. It is considered that there is considerable scope to increase the opening hours, especially during the summer when there is an influx of visitors and the business sees an annual uplift of contract washes from many of the local guest houses and bed and breakfasts. Trading accounts for the year ending 31st March 2015 show sales of £69,242 with a 97% gross profit margin and a net profit of £19,570. Further accounting information will be made available, subject to a viewing appointment, in the usual manner.
THE ACCOMMODATION COMPRISES (all areas and dimensions are approximate) LAUNDERETTE MAIN AREA 10.94m x 4.62m. Well equipped with 5 Speed Queen 7 kilo washing machines, 3 Electrolux 7 kilo washing machines, 2 x 10 kilogram washing machines, 1 x 18 kilogram washing machine, 4 x 50lb Speed Queen tumble dryers and 1 x 75lb Huebsch commercial dryer. Off the main area is a store room and boiler room and steps to: SMALL OFFICE AREA Giving access to WC, close coupled WC and wash hand basin, door to rear courtyard. SECOND FLOOR FLAT Accessed separately from East Street, entrance door to hallway with doors to: KITCHEN 4m x 3.7m. A range of fitted base units with single stainless steel sink drainer. Part tiled walls, lino floor. LOUNGE 5.03m x 3m. Lino floor with window to rear elevation. BEDROOM 1 3.3m x 3.85m. Window and door to rear elevation onto balcony, lino floor. BEDROOM 2 2.1m x 3.63m. Window to rear elevation, lino floor. BEDROOM 3 2 window to rear elevation, lino floor. TENURE - LEASEHOLD
B38227
The premises are available by way of the assignment of the existing fully repairing and insuring Lease which commenced in March 2012 for a term of 9 years. The current passing rental is £24,000 per annum and is subject to 3 yearly rent reviews. GENERAL INFORMATION CONTACT INFORMATION For further information or an appointment to view please contact Beverly Northey on 01872 247031 or via email
[email protected] LOCAL AUTHORITY Cornwall Council General Enquiries 0300-1234-100 Planning 0300-1234-151 www.cornwall.gov.uk ENERGY PERFORMANCE CERTIFICATE The Energy Performance Rating for this property is within Band A. INVENTORY An Inventory of all loose chattels and equipment, free of any lease/lien, to be included within the sale will be supplied by Miller Commercial prior to exchange of Contracts. BUSINESS RATES We refer you to the valuation office website www.voa.gov.uk or call 0300-1234-171 SERVICES Prospective owners should make their own enquiries of the appropriate statutory undertakers: Western Power: 0845 601 2989 South West Water: 0800 169 1144 Transco: 0800 111 999 STOCK To be taken at valuation VALUE ADDED TAX All the above prices/rentals are quoted exclusive of VAT, where applicable.
PLANS: Plans and maps reproduced under Ordnance Survey Licence No LIG1179. Not to scale and for identification of the property only. They are not intended to show actual site boundaries and not guaranteed to be accurate. AGENTS NOTE: Miller Commercial for themselves and for the Vendor/s or lessor/s of this property give notice: [a] These particulars are for an intending purchaser or tenant and although they are believed to be correct their accuracy is not guaranteed and any error or misdescriptions shall not annul the sale or be grounds on which compensation may be claimed and neither do they constitute any part of a Contract: [b] Any intending purchaser or tenant must satisfy him/herself by inspection or other wise as to the correctness of each of the statements contained in these particulars; [c] No responsibility is taken for expenses incurred should the property be sold, let or withdrawn before inspection: [d] None of the services or appliances, plumbing, heating or electrical installations have been tested by the selling agent. Miller Commercial is the trading name of Miller Commercial LLP registered in England and Wales under Registration No.OC373087. The Registered Office of Miller Commercial LLP is Mansion House, Princes Street, Truro TR1 2RF. We use the term Partner to refer to a member of Miller Commercial LLP. VAT Registration No.643 4519 39. VIEWING: Strictly by prior appointment through Miller Commercial.
ESTATES GAZETTE Awarded MILLER COMMERCIAL Cornwall’s Most Active Agent 2011 - 2012 - 2013 - 2014 - 2015