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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Fees apply Included in your Tenancy Fee & Charges

  • Referencing for each tenant included
  • Tenancy Renewal Included
  • Check out Included
  • Deposit will be required

Administration Fee & Referencing

£150 + VAT per person and £50 + VAT for each additional tenant or guarantor

New Tenant during the Tenancy

£150 + VAT administration fee for a change of Tenant. Any additional tenants during the tenancy £50 + VAT for each additional tenant

Security Deposit

The sum equivalent to 1.5 calendar month`s rent. The tenancy deposit acts as security for your performance of your obligations as a Tenant under the terms of Tenancy Agreement. This deposit will be returned to you at the end of the Tenancy term without interest and subject to any deductions that may be necessary to compensate the landlord for any breach of the Tenancy Agreement.

Once received the property will be withdrawn from the market and all outstanding viewings will be cancelled.

Deposits, Fees and Initial rental payment

Prior to a tenancy commencing and once satisfactory references are received, BM Estates will provide you with a statement showing the initial monies due. This will include the first rental payment, normally one month in advance depending upon the terms agreed. The tenancy agreement fee and the deposit, usually the equivalent of one calendar month`s rent, are collected at the same time;

Please note this may change depending on the landlords circumstances or if pets are added to the tenancy.