An investment opportunity located close to Rugby town centre occupying the basement level of Symington House which is a development of residential flats. The basement is currently run as The Carrie Bianco Dance Studio who have occupied the premises for the last 27 years. The property is being sold with the tenant in situ on a new 5 year lease.
The property is accessed from Spring Street through its own private entrance through glazed double doors with a gradient down to the lower level.
RECEPTION AREA: 22'10 x 14'1" (6.96m x 4.29m)
WC: 8'6" x 5'5" (2.59m x 1.65m)
KITCHEN: 4'11 x 3'6" (1.50m x 1.07m)
OFFICE: 9'11" x 7'8" (3.02m x 2.34m)
DANCE STUDIO ONE: 45' x 22'4" (13.72m x 6.81m)
DANCE STUDIO TWO: 20'6" x 12'2" (6.25m x 3.71m)
CHANGING ROOM: 13'9" x 8'3" (4.19m x 2.51m )
STORE: 8'3" x 6'9" (2.51m x 2.06m)
The property is currently let with a tenant in situ on a recently established 5 year lease with an annual rent of £13620.00.
LEASEHOLD INFORMATION:
LEASE: 125yrs from June 2017
SERVICE CHARGE: £2,600 a year and as follows
Dansdale - buildings insurance - £300 per quarter, £1,200 a year
Centrick - building management - £350 per quarter, £1,400 a year
RATEABLE VALUE:-
Rateable Value: TBC
Rates Payable: TBC
SERVICES:
Mains water, mains electricity and drainage.
EPC RATING: - TBC
Local Authority
Rugby Borough Council.
General Information:
TENURE: -
LEASEHOLD
LOCATION:
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 motorway (Junction 18) the M6 Motorway (Junction 1) and the A5. There is also quick and easy access to the A14, which leads to the east coast ports.
Rugby has an increasing population currently in excess of 100,000 and neighbours Coventry to the west and Northamptonshire and Leicestershire to the east and north respectively.
Rugby's new retail park 'Elliots Field' is nearby. This modern easy-to-reach shopping park contains many flagship retail stores such as Marks and Spencer, Next, Nike and DFS to name a few. There are also many coffee shops, restaurants and not to forget the free parking. There are many excellent private and public schools with Rugby School being the most famous. Leisure amenities are plentiful with the Queen's Diamond Jubilee Sports Centre being the main.
Rugby's train station is within walking distance and is served by London Midland and Avanti West Coast Trains. Rugby to London Euston is less than 50 minutes by fast train and Birmingham 20 minutes. This is just one of the reasons why Rugby has become extremely popular with many commuters.
SERVICES: All mains services are connected or available but not tested. A telephone line is installed the transfer of which is subject to BT regulations. Life Investments have not tested any apparatus, equipment, fittings, etc, or services to this property, so cannot confirm they are in working order or fit for the purpose. A buyer is recommended to obtain confirmation from their Surveyor or Solicitor.
FIXTURES AND FITTINGS: Only those as mentioned in these details will be included in the sale.
MEASUREMENTS: The measurements provided are given as a general guide only and are all approximate.
VIEWING: By prior appointment through the Sole Agents.
ADDITIONAL SERVICES: Do you have a house / commercial property to sell?
Life Investments offer a complete and professional service to home owners throughout Warwickshire. If you are thinking of selling your home, Life Investments offer you a Free Valuation with no obligation whatsoever. Please call us today for details of our service and our competitive fees.
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