Offers in excess of £199,999 Sold Subject to Contract

Park Court, Park Road, Rugby

3 3 3

Key Features

  • INVESTMENT OPPORTUNITY WITH IMMEDIATE RENTAL INCOME
  • FREEHOLD PROPERTY WITH TWO SPACIOUS 1 BEDROOM APARTMENTS
  • PLANNING PERMISSION GRANTED FOR A 1 BEDROOM PROPERTY
  • COURTYARD WITH EXISTING BLOCK OF THREE GARAGES
  • CURRENT RENTAL INCOME OF £13,800 PER ANNUM
  • POTENTIAL RENTAL RETURN OF £20,700 PER ANNUM
  • CLOSE TO RUGBY RAILWAY STATION AND TOWN CENTRE
  • GREAT INVESTMENT OPPORTUNITY - BOOK YOUR APPOINTMENT TODAY
A fantastic opportunity to purchase two flats and a block of three garages with planning permission to build a one bed single storey flat, with allocated parking spaces for each dwelling. Current rental income £575 pcm on each flat, totalling £13,800 p/a. Would suit an investor or property developer.

Fantastic opportunity to purchase two, one bedroom flats, and a block of 3 garages, which have planning permission to build a further one bedroom, single storey property. All three properties come with there own allocated parking spaces.

The existing flats, one ground floor and the other first floor have a current rental value of £575.00 Per Calender Month, each, totaling £13,800 p/a. Both are tenanted so the new owner will receive an immediate income.

The flats are located within 10 minutes walk to Rugby Railway Station and are on the doorstep of Rugby Town Centre.

Planning permission has been granted for a one bedroom, single storey property in the place of existing garages and Courtyard.

FLAT ONE:- (GROUND FLOOR)

ENTRANCE:

Enter via a wooden security door into porch.

OPEN PLAN LOUNGE: (20' 0" x 17' 5" Max)

Open plan lounge with bricked feature fireplace.
Neutral décor throughout with high gloss white painted skirting boards.
Satellite cable with BT Openreach box and TV aerial point.
uPVC double glazed window to front aspect.
Two wall mounted electric heaters, power sockets and switches.
uPVC double glazed sliding french doors leading onto the rear courtyard.

Archway leading into:

KITCHEN: (12' 7" x 7' 6")

Fitted with a range of base and wall mounted units with beach effect doors and chrome handles.
Granite effect work surfaces with cream feature tiles to all splash-back areas.
Stainless steel sink and drainer with chrome taps.
White goods provided: Microwave, Washing Machine and Fridge.
Electric oven, hob and extractor fan.
uPVC double glazed window to side aspect.
Wall mounted electric heater, power sockets and switches.
Neutral decor with fresh white emulsion to walls and high gloss white paint to timber.
Vinyl floor covering throughout.

BATHROOM: (9' 8" x 8' 2")

Newly refurbished with a white porcelain low level w/c and pedestal sink with chrome tap.
Bath with chrome taps and electric shower over.
Ceramic tiles to all splash-back areas.
Wall mounted electric heater and extractor fan.
Hot water tank within cupboard.

BEDROOM ONE: (13' 5" x 10' 5" Max)

Double in size with white uPVC double glazed window to front aspect.
Wall mounted electric heater, power sockets and switches.
New carpet floor covering.
Neutral decor throughout.

OUTSIDE:

Car parking space for one vehicle.

FLAT TWO:- (FIRST FLOOR)

GROUND FLOOR:

Enter via a solid wood front door with feature window that leads to,

FIRST FLOOR:

KITCHEN: (15'7" x 6'3")

Fitted with a range of base and wall mounted units with pine doors.
Cream work surfaces with white feature tiles to all splash back-areas.
Stainless steel sink and drainer with chrome taps.
Electric oven, hob and extractor fan.
Feature brick fireplace and storage area.
uPVC double glazed window to front aspect.
Free standing washing machine and fridge/freezer.
Wall mounted electric heater, power sockets and switches.
Laminate effect vinyl floor covering.
Neutral decor throughout.

BATHROOM: (6'3" x 11'2")

White porcelain low level w/c, pedestal sink with chrome tap.
Bath with chrome taps and 'Triton' electric shower over.
Wall mounted electric heater and hot water tank to cupboard.
Extractor fan.

LOUNGE: (15'1" x 16'8" MAX)

Lounge with uPVC double glazed window to front aspect.
Neutral décor with carpet floor covering throughout.
Satellite cable with BT Openreach box and TV aerial point.
Two wall mounted electric storage heaters, power sockets and switches.

BEDROOM ONE: (12'1" x 13'5" Max)

Double in size with white uPVC double glazed window to front aspect.
Wall mounted electric heater, power sockets and switches.
Carpet floor covering throughout.

Car parking is directly to the side of the property next to the front door.

NEW BUILDING PLOT FOR ONE BEDROOM SINGLE STOREY FLAT:- APPROX 465 SQ FT

Enter via front door, in to entrance hallway with doors leading to:-

- OPEN PLAN KITCHEN AND LOUNGE.
- DOUBLE BEDROOM.
- BATHROOM.

LOCATION:-

Park Court is located and accessed by a road that runs in between Park Road and Lodge Road, Rugby. It's within easy walking distance of Rugby Railway station and Rugby Town Centre.

Rugby's new retail park 'Elliots Field' is only a short distance from Park Court. This modern easy-to-reach shopping park contains many flagship retail stores such as Debenhams, 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 served by London Midland and Virgin Trains. Rugby to London Euston is less than 50 minutes by fast train and Birmingham 20 minutes and Rugby is host to major road networks M1, M6, M40, A45, A5 and A14. This is just one of the reasons why Rugby has become extremely popular with many commuters.

Local Authority
Rugby Borough Council.
Telephone (01788) 533533.
Council tax band: A

Mortgage Advice:

IF YOU WOULD LIKE A FREE MORTGAGE CONSULTATION, PLEASE ASK TO SEE OUR IN-HOUSE MORTGAGE SPECIALISTS.

General Information:

TENURE: The property is freehold with vacant possession on completion.

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 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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