The property comprises a four-storey inner terrace commercial building of traditional brick construction, with a pitched slate roof to the fore and bitumen covered flat roof to the rear. The ground and first floor have recently been used as a banking hall, with the upper floors used as offices;, which have their own access via a separate doorway adjacent to the main entrance. The first, second and third floors would be suitable for residential conversion, subject to obtaining the correct planning consents.
Location
The property is situated towards the southern end of Sheep Street, near to Rugby School. Sheep Street forms part of the main pedestrianised retail area in Rugby Town Centre. Rugby is situated 35 miles to the southeast of Birmingham, some 80 miles to the north of London. Junction 1 of the M6 is approximately 3 miles to the north and access to other major motorway road networks including M6, M1, M40 and A14 are within easy reach.
Accommodation
145.85 sq m (1,570 sq ft)
Terms
Energy Performance Certificate A EPC will be available prior to sale completion.
Business Rates The rateable values in the 2023 Rating List total £22,100, split as ground & first floor £16,500 and second & third floor £5,600.
Planning We understand that the premises have planning permission for Class E Use, but would suit alternative uses (subject to planning)
Tenure Available for sale with vacant possession on a freehold basis Price Offers are invited with a guide price of £550,000.
Legal Costs Each party will be responsible for their own legal costs in the transaction.
VAT The property has been elected for VAT and will be charge on the purchase price at the prevailing rate.
Specification
- To Let
- Ground Floor Retail Unit
- Large Display Frontage
- Class E 9c0 Retail Use
- NIA 145.85 sq m (1,570 sq ft)