Exmoor Property, Church Hill, Lynton, Devon EX35 6HY

Mon - Fri: 9.30am – 5.00pm
Sat: 10.00am – 4.00pm
Sun: By appointment

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Estate Agent

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Estate Agent

Cavendish Place, Lynton
£350,000

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  • Successful & Established Laundry & Launderette Businesses
  • Well Presented Two Bedroom Flat with Separate Entrance
  • Freehold Premises
  • All trade equipment, Fixtures & Fittings included
  • Liveried Van
  • Close to Car Park and Lynton Amenities
  • No Experience Required
  • Exmoor Seaside Villages

Established, profitable business that offers the rare opportunity to earn a comfortable income while living and working in the delightful twin villages of Lynton & Lynmouth. The two businesses, accommodation and premises are offered freehold, including all fixtures, fittings and trade equipment.


Description

Effectively two businesses in one, Lynton Laundry provides serviced washes and commercial laundry services to local B&Bs, hotels and restaurants. Next to the laundry is Lynton Launderette, which provides self-service laundry facilities. Above the joint business premises is a modern, two-bedroom flat with a patio – and plenty of parking in the adjacent public car park. The twin businesses, accommodation and premises are offered freehold, with all fixtures, fittings and trade equipment. No experience is needed as full training will be offered by the current owners as part of the transfer of the business.

Approach

From Cavendish Place, the Flat, Launderette and Laundry can be found just beyond the entrance to the Car Park.

The Launderette

Large window to the front and glazed front door. Stone tiled floor. Strip lighting. CCTV camera. Central table unit with shelf under. Five commercial tumble dryers. Six Primus washing machines; 1x16kg load, 3 x 10kg load, two x 7kg load. Vending machine for washing powder. Pay-station with wall-mounted instructions. Half-height door with small shelf on the top, leads to

The Laundry

Laundry Storage Area

Vinyl floor. Strip lights. Hanging area for dry cleaning etc. Safe for Launderette pay-station. Access to back of washing powder vending machine. Door to storage area housing boiler for the laundry and providing access to the drying machines for servicing. Floor to ceiling wooden slat shelving on one side. Range of cupboards and notice boards on the other. Opens into

Laundry Room

Vinyl floor. Commercial ironing presses. Fitted work surface running one length of the room with shelves above. One-and-a-half bowl stainless steel sink unit with drainer and chrome mixer tap and cupboards under. Vinyl splashback. Shelving units above. Half-glazed door to the front.

WC

Vinyl floor. Low level flush WC with shelves above. Double cupboard with pine louvre doors housing consumer unit.

The Business

Lynton Laundry and Lynton Launderette operate as separate businesses, each trading under the VAT threshold. The laundry is run by the owners, working a 35-hour week, Monday to Friday with the support of two members of staff. The launderette is not staffed and operates autonomously from 7.30am to 8.00pm seven days a week. The flat can be purchased with vacant possession for buyers who wish to live above the premises, or can be operated as an additional income stream, being currently occupied by a tenant paying rent. Turnover of the joint businesses is around £100,000pa with scope to increase. Full P&L figures will be provided to interested buyers after an initial viewing of the premises.

The Flat

A comfortable and cosy modern two bedroom flat, which is light and well-presented with outside space. Oil-fired central heating and double-glazed windows.

Front Patio Area

Concrete floor with space for bins, bikes etc. Step up to tiled patio with space for table and chairs. Wall-mounted key-box and letterbox. Half-glazed front door leads into

Entrance Hall

Laminate floor. Coat hooks. Central ceiling light. Boiler. Space for fridge/freezer, storage and shoe racks. Stairs with bannister and fully fitted carpet rise to small half landing, and rise to the first floor, opening into

Living Room

Sloping ceiling on both sides. Fitted carpet. Casement windows to the rear and to the side. Velux window with fitted blind to the front. Two radiators. Three ceiling spotlights. Thermostat. Arch leads into

Kitchen

Laminate floor. Velux window to the front. Electric oven with ceramic four-ring hob. Range of base and wall cupboards with worktops over. Space for a fridge. Stainless steel sink with drainer and chrome taps. Extractor fan. Ceiling light. Door to

Inner Hall

Fitted carpet. Ceiling spot light. Immersion heater switch. Loft hatch (loft not inspected). Radiator. Doors to Bathroom and Bedrooms 1 and 2.

Bathroom

Two ceiling spot lights. Velux window with fitted blinds. Ceramic tiled floor. Airing cupboard housing hot water tank. Space and plumbing for a washing machine. Low level flush WC. Panel-enclosed bath with mixer tap and shower attachment and tiled surround. Grab rail and shelf above. Pedestal wash basin with chrome taps and mirror and light above. Heated towel rail.

Bedroom 2

Casement windows to the rear. Fitted carpet. Single ceiling spot light. Radiator.

Bedroom 1

Sloping ceilings. Fitted carpet. Casement windows to both side and rear. Radiator. Three ceiling spot-lights.


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Cavendish Place
Lynton EX35 6AD
County: Devon
Sale Type: For Sale
Available: NOW
Ref #: EXP00418
NAEA The Property Ombudsman Trading Standards Rightmove Zoopla Primelocation Business for Sale Daltons