Retail premises for sale in Teignmouth, Devon TQ14
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Property description
Busy launderette with family home, popular south devon seaside town, situated in the coastal town of teignmouth, host to good size resident population, attracting visitors and holidaymakers. Enjoying high profile trading position, fronting busy thoroughfare leading to nearby town centre, port, railway station and seafront, benefiting from free on street car parking immediately in front, surrounded by popular residential areas with holiday accommodation also close by from which trade is also received.
Deceptively spacious premises, provides ground floor customer washing (8 machines) & drying (6 machines) areas, service counter, cloakroom, duvet store, ironing room, and main storeroom. Large self-contained flat above, offers kitchen, sitting/dining room, 3 double bedrooms, bathroom, and large landing area, benefiting from recently installed central heating and double glazing, and 2 car parking spaces. Benefiting from favourable overheads, rent only £200 per week for both shop and flat, also receiving 100% business rate relief.
Well known established popular business, offering self-service and service washes, along with a collection service for the surrounding area, enjoying regular trade from local resident population in addition to some commercial trade comprising local Bed & Breakfast establishments. Income 2023 £61,130, Gross Profit £59,292, huge demand for service washes which could be increased substantially to boost income, along with increased opening hours for self-service, currently closing 6.00pm 4 days a week and 8.00pm other days.
Leasehold £69,995 sav Ref: Q35575N
For more information about this property, please contact
Everett Masson & Furby, EX11 on +44 1404 228955 * (local rate)
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Everett Masson & Furby, and do not constitute property particulars. Please contact Everett Masson & Furby for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.