House · TA24 5NU
For saleListed 35 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FREEHOLD BUSINESS AND PROPERTY - an excellent opportunity to acquire Bubbles Launderette, an established launderette business with the freehold property.
Providing an essential and convenient service to the local community, the business benefits from Minehead’s established residential population and strong visitor economy.
The combination of local customers, holidaymakers, landlords and accommodation providers, offers potential for a diverse and recurring customer base.
The property is being offered freehold, providing the purchaser with ownership of both the business premises and the underlying property, with no ongoing commercial rent payable to a landlord.
This makes the opportunity particularly attractive to an owner-operator or investor seeking a straightforward local business with potential for future development.
There is also scope for a new owner to increase turnover by developing commercial laundry services, targeting holiday lets and guest accommodation, strengthening local marketing and introducing additional services where appropriate.
The property has planning permission in place for Class E use so there is scope to overhaul the business or start up something new within the bounds of Class E.
Three years worth of trading figures are available upon request to qualified purchasers.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Parks Lane, Minehead
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