The property comprises a 4 storey building over part-ground, first, second and third floors, which is of steel portal frame construction, brick elevations and stone panel cladding under a flat roof. The windows are glazed aluminium. It is dual aspect and accessed from two pedestrianised streets, High Street and Sheep Street.
The building has the potential to be converted into residential apartments subject to planning consent. The ground floor will remain as retail units separated off and retained by the vendor.
( Agency Pilot Software Ref: 2061 )
Location
The building is situated very centrally on High Street and Sheep Street at the heart of Rugby Town Centre, a short distance away from the popular Clock Towers Shopping complex. Extensive car parking can be found less than 5 minutes’ walk away at the Clock Towers and Little Church Street car parks.
The property is also within close proximity to the newly opened World Rugby Hall of Fame Exhibition and Asda megastore providing a combined 429 additional car parking spaces.
The location also benefits from a high footfall on pedestrianised thoroughfares due to its close proximity to Rugby School and other nearby operators including Pizza Express, Costa Coffee, Holland & Barrett, Café Vin Cinq Restaurant & Bar and Wetherspoons.
Rugby Train station is less than 1 mile and 15 mins walk with a fastest journey time to London Euston of 47 minutes.
Accommodation
First Floor - 6,747 sq ft
Second Floor - 6,889 sq ft
Third Floor - 6,975 sq ft
Total - 20,611 sq ft
Terms
TENURE
The investment will be sold with the benefit of a 250 year long lease.
PLANNING
The uppers currently have planning use for combined retail and ancillary uses. The upper parts are suitable for a variety of uses, subject to planning. Interested parties are advised to make their own enquiries to Rugby Borough Council on 01788 533 533.
VAT
We are informed that VAT will be applicable on the purchase price.
EPC
To be assessed.
LEGAL COSTS
Both parties are to bear their own legal costs incurred in the transaction.