£1,417 PCM, Let Agreed

Lawford Road, Rugby

1

Key Features

  • 2066.0 SQ FT COMMERCIAL PREMISES
  • RESIDENTIAL DEVELOPMENT OPPORTUNITY
  • POPULAR TOWN CENTER LOCATION OF RUGBY
  • OPTION TO PURCHASE FOR £220,000
A fantastic opportunity to purchase this commercial property with over 2056 Sq Ft of mixed use space. The property has been used for retail in recent years however it does offer huge potential for a variety of residential uses subject to planning approval. This property is located on Lawford Road Rugby, which approximately 1.5 miles west of Rugby. Junction 1 of the M6 motorway is 2.9 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'.

This property is also available 'For Sale' for £220,000.

This property is exempt from VAT so 'NO VAT' is charged on the purchase.

Ground and First Floor Retail Unit and Ancillary Accommodation - Sold off on a Lease of 999 years from December 2020.

Property Description:

GROUND FLOOR:

MAIN SHOP AREA: (6.03m x 14.28m) 19' 09" x 46' 10".

This includes spacious ground floor retail space, toilet and kitchen facilities with access to front , side and rear.

FIRST FLOOR:

Stairs rising to 1st floor:

Room 1: (10.34m x 4.78m) 33' 11" x 15' 08".

Room 2: (7.42m x 3.12m) 24' 04" x 10' 03".

Room 3: (9.17m x 3.94m) 30' 01" x 12' 11".

Room 4: (4.39 m x 3.19 m) 12' 11" x 9' 02".

PLANNING:

We have completed Architects drawings that demonstrate the redevelopment of the building into 5 self contained apartments. Available on application.

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 1.5 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 1.2 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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