For Sale 0 Bedroom 0 Bathroom 0 Reception Guide Price £60,000

St Saviours Road, Leicester, LE5 - Guide Price £60,000

An excellent opportunity to acquire a well-established launderette business with good year round clientele. The current owner has multiple laundrettes and has successfully run this business since 2011. We understand that the Leaseholder would be prepared to enter into a remaining 6 year lease at a current rent of £1,350 per month with a rent review due in April 2020.
PRICE: £60,000 for the business and the transfer of the lease including the fixtures, fittings and goodwill plus stock at valuation.
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Description
 An excellent opportunity to acquire a well-established laundrette business with good year round clientele. The current owner has multiple laundrettes and has successfully run this business since 2011. We understand that the Leaseholder would be prepared to enter into a remaining 6 year lease at a current rent of £1,350 per month with a rent review due in April 2020. The business is well situated on the junction of St Saviours Road and Margaret Road which benefits from good regular local customers. The laundrette is open to the public on weekdays from 9am-8pm and weekends at 8am-8pm. The business would be ready to be taken over any time and there would be immediate income from the ongoing clientele. The business comprises:- LAUNDRETTE having a frontage and depth of 7.11m x 4.44m, a rectangular shape with equipment that comprises; 2 x 16kg T40 Models and 4 x16kg T30 Models. It also includes 12 x 8kg load tumble dryers arranged in a double stack. There is a W/C facility and available storage space which includes the boiler and water tank. PRICE: £60,000 for the business and the transfer of the lease including the fixtures, fittings and goodwill plus stock at valuation. TENURE: The balance of a 6 year lease at a rent of £16,200 per annum. SERVICES: All mains connected UNIFORM BUSINESS RATES The rateable value of the premises is £1321.83. N.B. For a prospective purchaser looking for a business and property with accommodation would receive approx. £11,000 rental income from the one bedroom flat directly above the business and the Ground Floor Studio Flat situated at the rear of the Laundrette.

  
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IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

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Please note the charges listed below are the maximum fees that will be applied unless stated otherwise.

Fees/Charges in England from 1st June 2019

Permitted Charges in accordance with the Tenant Fee Act 2019 for an Assured Shorthold Tenancy.

Holding Deposit max one week's rent. First months rent in advance.

Tenancy Deposit 5 or 6 weeks depending upon the rental amount.

Early termination(when requested by the tenant) a charge not exceeding the financial loss experienced by the landlord.

Late Rent interest charged at 3% above the Bank of England base rate when rent is more than 14 days late.

Lost key equivalent to the cost incurred (or security device).

Changing tenancy documents(after the commencement of tenancy) £50 inc VAT

Non-Housing Act tenancy fees not affected by the Tenant Fee Act 2019:

Tenancy Agreement £300 inc VAT. Extension Agreement £125 inc VAT

Company Reference £175 inc VAT. Administration £50 inc VAT

Damage Fee £90 inc VAT. Guarantor Reference per guarantor £100 inc VAT

Deed of Guarantee £75 inc VAT. Check-In (minimum fee) £72 inc VAT

Arrears Fee £30 inc VAT. Overpaid Rent Return £25 inc VAT. Pet Licence £75 inc VAT

BM Estates is a member of and covered by the Money Shield Client Money Protection Scheme. BM Estates is also a member of a redress scheme provided by The Property Ombudsman.