The property comprises ground floor retail space and first floor offices. The space was previously used as a bank utilising both the retail trading space and ancillary
offices on the first floor.
Location
The subject property is located at the northern end of North Street. This road sits at the edge of the town centre retail area and serves as one of the main arterial routes into the retail part of the town. Rugby is situated 35 miles to the southeast of Birmingham and some 80 miles to the north of London. The town benefits from excellent communications with junction 1 of the M6 approximately 2 miles to the north of the town centre, junction 1 of the M45 approximately 2 miles to the south of the town centre and junction 18 of the M1 some 3 miles to the east of the town centre
Accommodation
Ground floor retail space 222.6sq m (2,400 sq ft)
Ground floor storage 32.7sq m (352 sq ft)
First floor offices 131.2sq m (1412 sq ft
First floor mess rooms 52.2sq m (562 sq ft)
Terms
We understand that electric and water mains’ services are connected to the premises.
Business Rates The rateable value in the 2023 Rating List is £39,250.
Planning We understand that the premises have planning permission for Class E use.
Tenure The suite is available on a new lease on terms to be agreed at a guide price of £65,000 per annum.
Service Charge A service charge is payable for the utilities, upkeep and maintenance of the common parts. Further details are available on request.
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
- Large Retail and Office Space
- Class E Use
- Former Bank Premises