This three-storey period building has two ground floor retail units, with basements, let as an Opticians and Estate Agents, with a commercial letting of a Beauty Room on the first floor.
There is a separate entrance from Regent Street giving access to the upper floors and where there are five self-contained apartments.
Location
7-11 Regent Street in Rugby town centre, is located within the popular independent retail area of the town.
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
7 Regent Street - 105 sq m (1,130 sq ft)
9 Regent Street - 92 sq m (990 sq ft)
11 Regent Street: Office (Beauty) - 18.5 sq m (199 sq ft)
Flat 1 (1 Bed) - 39.3 sq m (423 sq ft)
Flat 2 (1 Bed) - 33.3 sq m (358 sq ft)
Flat 3 (1 Bed) - Access not yet available
Flat 4 (2 Bed) - 55.6 sq m (598 sq ft)
Flat 5 (1 Bed) - 39.7 sq m (427 sq ft)
Terms
Tenure
The property is available Freehold, subject to the various leases and ASTs.
Price
Offers are invited with a guide price of £920,000
Business Rates
The rateable values in the 2023 Rating List are:
7 Regent Street - £16,250
9 Regent Street - £13,000
11A (F/F Office) - £1,700
Apartment 1 - Band A
Apartment 2 - Band A
Apartment 3 - Band A
Apartment 4 - Band B
Apartment 5 - Band A
Planning
We understand that the premises have planning permissions within Class E Use for the commercial areas and C3 for Residential.
Services
We understand that all mains’ services are available to the premises.
George and Company have not tested any of the available services and interested parties are advised to make their own enquiries as to their condition.
Legal Costs
Each party will be responsible for their own legal costs in the transaction.
VAT
The Landlord reserves the right to charge VAT at the prevailing rate, if so elected.
Specification
- Landmark Town Centre Building as fully occupied investment
- Two ground floor retail units with five self-contained apartments on the First and Second Floors, plus first floor office.
- Gross Income circa £76,500 per annum.