This classic pulley design is functional, rustic, and lifts your drying laundry out of sight until ready to be put away. Great for small laundry rooms. I would coat the wood so it can't mildew, which is what wood tends to do from damp laundry.
Full height cabinetry allows for easy concealment of brooms/mops/vacuum cleaner. Having the washer and dryer separated creates more benchspace in an already tight area. Perhaps framing the dryer with cabinetry would create a more streamlined look.