Comprising a four storey, mid terrace building with a ground floor commercial unit and upper residential accommodation. Built in 1897 it is constructed with solid 9” brickwork walls surmounted by a pitched concrete tiled roof with lead topped bay windows at first floor level.
Location
The demise is situated within Rugby town centre fronting the popular North Street parade. North Street serves as one of the main arterial routes through the town centre.
Accommodation
Ground Floor Sales and Storage 36.26 sq m (390sq ft)
Kitchen 3.07 sq m (33 sq ft)
First Floor
1 Bedroom Apartment
Second Floor 1 Bedroom Apartment
Third Floor 2 Bedroom Apartment
Terms
Services We understand that mains electric, water and drainage services are connected to the premises
Energy Performance Certificate EPC’s will be available on completion of the sale.
Rates The rateable value for the commercial unit in the 2017
Rating List is £8,200 and the apartments are all band ‘A’ rated.
Tenure Available for sale, on a freehold basis subject to the existing tenancies. The retail unit is let on a 10-year lease from 1 st March 2019 at £10,500 per annum. The apartments are let on assured shorthold tenancies totalling £1,270 pcm, producing an overall income of £25,740 per annum.
Price Offers are sought with a guide price of £365,000
Legal Costs Each party will be responsible for their own legal costs in the transaction. Value Added Tax VAT will not be charged on the purchase price
Specification
- FOR SALE
- Mixed Use Investment
- Retail Shop & 3 x Apartments
- Main Road Town Centre Location
- Income of £25,740 per annum