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Commercial Property for sale

Trelawney Launderette, 49, Trelawney Road, Falmouth

Sold STC £299,950

Property Description

Key features

  • ESTABLISHED FREEHOLD LAUNDERETTE
  • IDEALLY LOCATED, WITHIN DENSELY POPULATED AREA
  • VERY WELL EQUIPPED AND PRESENTED
  • WELL APPOINTED 2 BEDROOMED FLAT
  • STRONG CONSISTENT SALES
  • INTERNAL VIEWING HIGHLY RECOMMENDED
  • EPC RATING (B)

Full description

A well presented and equipped Launderette with spacious owners flat, in the vibrant University town of Falmouth. With a good trading base, strong and consistent sales and profits.

Location - Trelawney Launderette is situated within a densely populated part of Falmouth town, within easy walking distance of the town centre, the harbour and beaches and Falmouth University Campus. Falmouth is an extremely sought after coastal town in which to both live and work, which has seen significant economic regeneration and expansion in recent years.



The Property - Trelawney Launderette is an attractive end of terrace 2 storey turn of the century building, comprising the well appointed launderette and service areas on the ground floor, with a side door giving access to the well appointed and recently refurbished 2 bedroomed flat on the first floor. We understand a launderette has traded on this site for the past circa 30 years, and has been in our client's tenure for the past 2 years who are now selling due to other commitments.



The Business - The business trades all year with the exception of Bank Holidays and a period over Christmas and trades from 8am to 6pm Monday to Saturday, closing on Sundays. The business is currently run by our husband and wife client and 2 part time members of staff (who are paid on a casual basis, without Contract).

In terms of the trade, the figures show consistent sales and for the most recent year, March 2016, show sales of £77,392, which produces an adjusted net profit of £28,950 (after deducting all normal overheads and in particular wages of £7,900 per annum and repairs and renewals during that period of £9,267, which is higher than previous years due to the investment in the property). We are advised the trade split is approximately 40% commercial in the high season, reducing to 20% in the low season, with the remainder being non-commercial.

Further accounting information will be made available subject to viewing the property in the normal manner.



The Accommodation Comprises - (all areas and dimensions are approximate)

Double doors into:-



Launderette - 5.41 x 4.75 (17'9" x 15'7") - With industrial linoleum floor and seating areas. Principle equipment includes: 1 x Electrolux W160 MP washing machine (August 2015, as a reconditioned unit); 4 x Electrolux W375N washing machines (August 2015, reconditioned and approx 4 years old); 1 x Electrolux W3130H (August 2015, reconditioned and approx 4 years old); 3 x Electrolux TT300 tumble dryers (installed 1996); 1 x Electrolux TT500 tumble dryer (installed 1996).

NB: We are advised all of the machines are under a service contract with a local supplier (which is currently paid for in advance until September 2017).



To The Rear Of The Launderette - 2.26 x 1.97 (7'5" x 6'6") - Rear storage/till area, with racking for customers laundry.

Through to:-



The Back Area - 3.36 x 3.30 (11'0" x 10'10") - Two windows to the side elevation and door giving internal access to the flat.

From the rear area door to:-



Outside - Courtyard which has a side access to the road. Space for bin storage, staff WC and understairs storage cupboard.



Owners Accommodation - With side access into the:-

Hallway - With stairs ascending to the:-



First Floor -

Kitchen - 4.34 x 3.42 (14'3" x 11'3") - 4 windows to the side and front elevations, with far reaching views over Falmouth Bay. A recently refurbished German kitchen with a complementary range of base and wall units. Electric induction hob with extraction over, built in dishwasher and under counter fridge.

Through to:-

Lounge - 5.02 (maximum) x 3.86 (16'6" ( maximum) x 12'8") - 3 windows to two sides overlooking the neighbouring properties and town, giving a pleasant outlook. Radiators. Access to loft.

Bedroom 1 - 3.62 x 2.96 (11'11" x 9'9") - Window to side elevation. Overhead lockers. Radiator.

Bedroom 2/Study - 2.45 x 1.95 (8'0" x 6'5") - Window to rear elevation.

Bath And Showroom - 3.07 x 1.22 (plus shower recess) (10'1" x 4'0" ( p - A refurbished room with bath with shower attachment, low level WC, vanity unit. Window to side elevation. Separate recess shower cubicle.



Tenure - Freehold



General Information - LOCAL AUTHORITY
Cornwall Council
General Enquiries 0300-1234-100
Planning 0300-1234-151
www.cornwall.gov.uk



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



Energy Performance Certificate - The Energy Performance Rating for this property is within Band (B).



Stock - To be taken at valuation



Superfast Broadband - For more information on whether the premises are capable of benefitting from the new high speed fibre-based broadband connection visit http://www.superfastcornwall.org/.



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.


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