A fantastic opportunity to purchase this tenanted commercial property with over 5159 sq ft of mixed workshop and office space with allocated off road parking to the front.
This property is located on Somers Road Industrial estate approximately 1 mile west of Rugby. Junction 1 of the M6 motorway is 3 miles to the north and the M45 motorway is 3 miles to the south.
Rugby is situated 35 miles to the south-east of Birmingham and 80 miles north of London.
The Town benefits from excellent road network connections with rail services to London Euston available in approximately 50 minutes.
Local amenities include 'The Clock Towers Shopping Centre' and 'Junction 1 Retail Park'.
The current tenants who have been established at this property since 2016 have just signed a new 5 Year Lease agreement at £26400.00 Per Annum.
This property is exempt from VAT so 'NO VAT' is charged on the purchase.
Property Description:
GROUND FLOOR:
WORKSHOP AREA: (29.90m x 13.41m) 98' 01" x 44' 00" - Total: 4312.44 sq ft (MAX)
With steel security roller shutter to front and two W/C's, two bathroom facilities, kitchen facility and storage areas. There is also a separate, frontal entrance to the offices.
Kitchen: (4.89 m x 3.92 m) 16' 00" x 12' 10" - Total: 193.6 sq ft.
Bathroom 1: (3.19 m x 2.74 m) 10' 06" x 09' 00" - Total: 90.54 sq ft.
Bathroom 2: (4.89 m x 3.01 m) 16' 00" x 09' 11" - Total: 145.76 sq ft.
W/C 1: (1.96 m x 1.34 m) 06' 05" x 04' 05" - Total: 24.50 sq ft.
W/C 2: (1.96 m x 1.40 m) 06' 05" x 04' 07" - Total: 24.62 sq ft.
FIRST FLOOR:
Stairs rising to the mezzanine floor:
Office 1: (4.39 m x 3.19 m) 14' 05" x 10' 06" - Total: 141.34 sq ft.
Kitchen: (4.76m x 2.74 m) 15' 08" x 09' 00" - Total: 135.72 sq ft.
PLANNING:
TBC.
SERVICE CHARGE:
There is no service charge.
VAT:
Life Investments have been advised that 'NO VAT' will be added to the sale price of this building.
RATES:
TBC.
SERVICES:
Mains water, 3 phase mains electricity and drainage.
Local Authority
Rugby Borough Council.
Telephone .
General Information:
TENURE: The property is freehold with a new 5 year lease in place.
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 only 2.6 miles away. 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 less than 2.4 miles away 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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