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1 bedroom commercial property for sale

Fore Street, St. Columb

Sold STC £125,000

Property Description

Key features

  • Market Town Central location
  • Ideally High Street location for launderette business
  • One Bedroom self contained apartment over
  • Suit owner/occupier as home and income, or investment
  • Net Income 2016 - circa 13,000 (assuming small business rates relief)
  • Lock up, hands off business, no on-site staff required
  • Up to 12% yield on investment with flat let and business open
  • Rare opportunity at this freehold price

Full description

Freehold investment opportunity comprising a self service coin operated long established launderette with a one bedroom residential apartment over.

Launderette -

Rear Boiler Room - 3.86m x 2.64m (12'8 x 8'8) - Meters. Service machines. Hot water cylinder, services etc.

Main Fronting Launderette - 4.90m x 3.86m (16'1 x 12'8) - Terrazzo tiled floor. Front aspect uPVC double glazed window onto the main Fore Street with uPVC double glazed access door. Customer seating. 5 washing machines, 4 tumble dryers, all coin operated.

First Floor Flat - Pedestrian right of access across the rear car park with a metal external staircase leading to a uPVC double glazed front door to the:

Hall - Airing cupboard with hot water cylinder.

Lounge - 4.88m x 2.90m (16' x 9'6) - Electric heater. Front aspect uPVC double glazed window.

Kitchen/Diner - 3.63m x 1.88m (11'11 x 6'2) - Fitted wooden kitchen. Recess with plumbing for automatic washing machine. End recess suitable for oven. Front aspect uPVC double glazed window.

Bedroom - 3.61m x 2.97m (11'10 x 9'9) - Front aspect uPVC double glazed uPVC double glazed window.

Bathroom - 2.90m x 2.16m (9'6 x 7'1) - Full length bath with full height tiled surround and independent shower over. H&C pedestal basin with tiled splashback. WC. Rear aspect diffused glass uPVC double glazed window.

Parking - The property does not come with any outside space or parking facility. Car parks nearby.

Tenure - Freehold

Services - All mains

Council Tax - Flat - Band A

Business Rates - Launderette - Rateable Value - £2700
Rates Payable - £1258, subject to confirmation. Qualifies for Small Business Rate Relief

More information from this agent

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