37 Regent Street, Rugby, Warwickshire, CV21

Property Details: • Type: 1,523 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Freehold Investment Opportunity • Mid Terrace three storey property • Ground floor retail & commercial units • Potential for additional residential HMO conversion • Producing a total rent of £20,860 pa exc • Town Centre Location

Location: • Nearest Station: Rugby Station • Distance to Station: 0.6 miles

Agent Information: • Address: 7-11 Albert Street, Rugby, CV21 2RX

Full Description: Freehold investment opportunity for three storey property with busy high street retail and commercial units (1,523 sq.ft total)DescriptionThe property comprises a three storey, mid terrace building with a ground floor retail unit and office accommodation over first and second floor levels with potential for residential conversion. In addition, there is a rear commercial unit (37B) which can be accessed via a passageway off Regent Street. The Property provides the following approximate NIA:Ground Floor SQ.M SQ.FTRetail Area 29.74 320Rear Office 12.63 136Rear Kitchen 13.12 141Total: 55.50 597 First Floor Office 1 34.57 372Office 2 10.41 112Kitchen 7.10 76Total: 52.09 561 Second Floor Office 1 9.23 99Office 2 12.51 135Office 3 8.83 95Store 3.36 36Total: 33.93 365TOTAL 141.52 1523The Property fronts Regent Street in the popular independent quarter of Rugby Town Centre. Local amenities including car parks, theatre and the Town Hall are in the immediate vicinity. Rugby is an expanding market town situated close to the East / West Midlands border and strategically located for a number of major routes including the M1 and the M6 motorways. Rugby Train Station is conveniently located less than a mile away with direct trains to London Euston in just 47 minutes.Available for sale, on a freehold basis subject to the existing tenancies:The ground retail unit is let on a 3-year term from 1st February 2024 at £13,000 per annum;The rear retail unit (37B) is let on a 3-year term from 1st February 2024 at £5,460 per annum;The first and second floor offices are let on a 1 year term from 1st March 2024 at £2,400 per annum.Therefore, producing a total rent of £20,860 per annum exclusivePriceOffers are sought with a guide price of £335,000We understand that mains water, electricity & drainage are connected to the premises.We would advise interested parties to undertake their own enquiries as to the adequacy and condition of these services, which have not been tested or verified by Howkins and Harrison LLP.EPCEPC's will be available on completion of the sale.PlanningWe understand that the premises have planning permission for Class E Use but would be suitable for other uses subject to planning. We recommend interested parties make their own enquiries to the Planning Department of Rugby Borough Council.ViewingsStrictly by prior appointment with Sole agents Howkins & Harrison LLP.Please contact the Commercial Department on .