The property comprises a well presented 3- storey mid-terraced mixed use building which provides retail accommodation to the ground floor and two self-contained residential flats to the upper floors. Benefitting the property is a communal cellar which has been converted into laundry rooms for the flats and storage for the retail unit.
Location
The property occupies a strategic position in the High Street of Rugby town centre, opposite Dukes Jetty and part of the pedestrianised prime retail zone.
Accommodation
The accommodation briefly comprises:-
Ground Floor
Retail Area 45.00 sq m (484 sq ft)
First Floor -
Flat 1 Kitchen/Lounge 2.96m x 3.72m / 9’8” x 12’2”
Bedroom One 2.60m x 3.59m / 8’5” x 11’8”
Bedroom Two 2.50m x 3.71m / 8’2” x 12’2”
Shower Room 2.38m x 1.36m / 7’9” x 4’5”
Second Floor –
Flat 2 Kitchen/Lounge 4.34m x 3.17m / 14’2” x 10’4”
Bedroom One 2.60m x 3.56m / 8’6” x 11’8”
Bedroom 1 2.86m x 3.01m / 9’4” x 9’10”
S hower Room 2.71m x 1.89m / 6’2” x 8’10”
Cellar 5.93m x 5.64m / 19’5” x 18’6”
Terms
Services - We understand that all mains services are connected to the premises or available close by.
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.
Business Rates/Council Tax Retail Unit:
Rateable Value £XXX Flats: Council Tax Band A
Planning - We understand that the premises have planning permission for A1 General Retail and C3 Residential use.
Energy Performance Certificate - EPC reports have been requested and will be available from George and Company upon completion.
Tenure - The property is available for sale freehold, subject to the existing tenancy:-
Retail Unit: A 6yr lease from June 20 with stepped rent commencing from £XXX p.a.
Flat 1: VACANT (previously let at £XXX p.c.m)
Flat 2: Notice served, vacating end July 20, let at £XXX p.c.m.
Price - Offers are invited with a guide price of £XXX
Legal Costs - Each party to be responsible for their own legal costs.
VAT - Value added tax will not be charged on the sale price.
Specification
- Ground floor retail premises with two apartments above
- A1 General retail and C3 residential use
- Investment producing income of over £XXX per annum