Shanklin Launderette 108 Regent St 485 SF Retail Building Shanklin PO37 7AP $235,375 ($485.31/SF)

LOCATION
Situated on the sought after location of Regent Street, this property is close to Age Concern Cafe, Ability Dogs 4 Young People, and other boutique retailers. Regent Street is the main shopping area of Shanklin and benefits from national retailers, various eateries and year-round high footfall.

Shanklin has a population of just over 9,000 and is a seaside resort but benefits from tourists all year round. The town also offers the first stop for the Island's train and is within easy reach of other towns including Ventnor, Sandown and Ryde accessed via the main A3055.

DESCRIPTION
Shanklin launderette is offered for sale fully equipped and ready to trade. The business has been successfully run by the current owner for the last 34 years, who is now looking to retire.

Currently trading Monday-Friday 8am-4pm, the business offers self-service or serviced washes.

The shop extends to approximately 45 sqm (485 sq ft) with a kitchen/office, WC and large store to the rear, equipped with shelving to store linen, soaps and detergents etc. There is also a courtyard with rear access from Marine Cross Road via a pedestrian passageway.

Equipment includes 2 x Miele domestic washers, 7 x standard commercial washers, 2 x XL commercial washers and 6 XL commercial dryers. There is a water softener and gas fired boiler.

EPC: A

SERVICES
The property benefits from mains gas, electricity, water and drainage.

TERMS
Our client is asking guide £175,000 for the freehold premises to include the business, fixtures, fittings and goodwill plus stock at valuation.

OUTGOINGS
The VOA shows a rateable value of £4,400. Estimated rates payable will be circa £2,400 without any applicable relief. Please direct any enquiries to the Valuation Office Agency.

LEGAL COSTS
Each side to cover own legal fees.

VIEWING
All viewings to be arranged via HRD Commercial. Please contact on[use Contact Agent Button].