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Property Details

High Street, Swanage, 818.00 sqft  For Sale

Asking Price £295,000

Property Information

  • 0 Reception Rooms
  • 0 Bedrooms
  • 0 Bathrooms

Property Reference 3703

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Fully equipped and well established family run dry cleaning business being sold as a going concern. Also deals with domestic and commercial laundry, repair and alteration services. Sale includes the freehold of two premises (containing another commercial unit and three flats on long leases). Full details on request.
  • Going concern business
  • Dry cleaners (& laundry services)
  • Well established
  • Fully equipped
  • Freehold of two premises

SITUATION:

On the High Street, within Swanage town centre almost directly opposite Swanage town hall. Swanage itself is a seaside town with a good inherent population (9,601 in the civil parish according to the 2011 census), and an active seasonal tourist industry providing good all year round trade.

DESCRIPTION:

‘Purbeck Valet’ is a long established business, family run by only the third owners in over 40 years of trading. The business is being sold as a fully equipped going concern which, we are advised, generated a turnover of £121,638 in 2017 and showed a pre-tax profit of £34,467. The sale includes the freehold of No’s 71 and 73 High Street which comprises another commercial premises (in addition to Purbeck Valet) and three flats, all of which have been sold on long leases (see over for full information). The business website is: www.purbeckvalet.co.uk

MAIN SHOP (N):

(4.87m) x (3.06m). ((15'11") x (10'0"). )
Counter/serving area.

DRYING AREA:

(3.89m) x (1’67m) at its narrowest. ((12'9") x (3
Large rail for use dry cleaning curtains.

PRESSING ROOM (S):

(6.53m) x (4.3m). ((21'5") x (14'1"). )
Door to: LOBBY: Door to yard & side access.

BAGGING ROOM (W):

(8.21m) x (1.97m). ((26'11") x (6'5"). )
Main fuse box, work benches.

REAR LOBBY/WASH ROOM:

Space and plumbing for two catering sized washing machines. Door to:

OFFICE/STAFF ROOM:

(3.73m) x (1.58m). ((12'2") x (5'2"). )
Single drainer sink unit with mixer tap and adjoining work surface with cupboard, space and plumbing for washing machine under, obscure glazed window, fitted shelving.

CLOAKROOM:

Low level w.c., wash basin with tiled splash back. Fire door to:

LAUNDRY STORE:

Further fire door giving access on to the stone paved yard.

OPENING HOURS:

Monday, Tuesday Wednesday and Friday: 9am – 4pm (open lunchtimes). Thursday and Saturday: 9am – 1pm. Closed all Bank Holidays.

BUSINESS:

All over the counter customers pre-pay, commercial customers have an account facility, invoiced monthly and payable within 14 days. AN INVENTORY OF ALL THE MAIN ITEMS INCLUDED IN THE SALE ATTACHED.

STAFFING:

Family run. Non-family employees: Freelance seamstress, 2 pressers working 16 hours each per week, and an additional member of counter staff working 8 hours per week.

TENURE:

Freehold. The sale includes the freehold of No’, 71 and 73 High Street meaning Purbeck Valet pays no rent, but collects ground rents from: 71 High Street: 999 year lease from 1988 at £50 per annum, 71a High Street: 125 year lease from 1988 at £25 per annum, 73a High Street: 99 year lease from 2004 at £50 per annum, and 73b High Street: 99 year lease from 2005 at £50 per annum. A service charge is payable to the freeholder by each of these properties, with contributions to maintenance and insurance.

SERVICES:

All main services are connected. N.B. Any services or appliances mentioned above have not been tested by Miles & Son.

BUSINESS RATES:

Rateable value of: £5,100 (current gross payable: £1581.01 before any small business rate relief).

NB:

The owners advise that the business accounts can be made available to genuinely interested applicants, once the property has been viewed.

VIEWING:

By appointment only please, with the Agents MILES & SON. Our office is open Monday-Friday 9.00am-5.30 pm and Saturday 9.00am-4pm April-October inclusive, 9.00am-12.30 pm at other times. Lunchtimes included.

THE PROPERTY MISDESCRIPTION ACT 1991:

These particulars have been prepared to the best of our knowledge and belief in accordance with the Act and they shall not constitute an offer or the basis of any contract. Our inspection of the property was purely to prepare these particulars and no form of survey, structural or otherwise was carried out. Defects and/or other matters may be revealed on a survey carried out on your instructions. Room measurements, taken in accordance with the RICS recommended practice, to the nearest three inches. Site measurements where given, are approximate and intended only as a guide as obstacles may well have prevented accuracy. An appointment to view should be made and all negotiations conducted through Miles & Son.

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High Street, Swanage

Branch Details


Railway House, 2 Rempstone Road,
Swanage,
Dorset. BH19 1DW

Tel: 01929 423 333
Email: enquiries@milesandson.co.uk