Ref 6424 – Leasehold Closed Launderette Blacks Brokers are pleased to bring to the market this leasehold launderette located in the much sought-after, residential area of Bury, Greater Manchester. Introduction
This fully equipped launderette was established by our client's tenant to meet local demand for a service of this type. Our client has invested in a good range of equipment and has presented the business to a high standard. The business has been closed for 1 year as the previous tenant vacated. Location
The business is positioned on Tinline Street in Bury, this is close to Rochdale Road – this is a busy main road with direct access to the M66 and M60. The area is densely populated residentially with a good range of other local businesses close by. Bury has excellent public transport links and free parking is available immediately outside the shop. Reason for sale
The business space is offered for sale due to the tenant vacating which presents an excellent opportunity for a new owner-operator or team to reopen the business and start trading again. Launderettes are extremely popular in the UK, with one new shop opening every month. This business was a previously fully staff laundrette catering for service washes and offering an ironing service, Launderettes can generate a large and loyal client base and the financial returns can be excellent. Lease
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. A new lease will be fully negotiated with our client upon purchase – however this will run at a cost of only £115 per week. Building layout and design
The business occupies the ground floor of a well presented, mid terraced property within a parade of shops and residential properties. Bright signage and branding is displayed above a mainly glazed frontage. Inside, the main shop area is well presented and fitted with a good range of laundry equipment including five launderette machines – these are not coin operated. There is an additional work room fitted with a state of the art ironing machine (this is worth and estimated £2,500 according to our client) along with servery and till. To the rear is a private yard and as mentioned above, parking is available immediately outside. Business rates
The rateable value is £5,500. This is not the amount you will pay, purchasers should enquire with relevant local authorities to confirm the rates payable. Summary
This leasehold business space is well equipped and presented. The business was previously popular in this area of Bury and had gained a large, repeat customer base. There is plenty of scope to develop the business further simply by re-opening with a strong marketing drive. The property could also accommodate a variety of other businesses if a new owner would prefer. Early viewings are strongly advised. Business: £15,000.
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