26-27 High Street, Rugby, CV21

Property Details: • Type: 3,566-5,284 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Prime Retail Location in the heart of Rugby Town Centre • Stunning period building • Double fronted ground floor commercial unit • Four self contained residential flats over first and second floor • Attractive first floor conservatory with roof terrace • Approximately 5,284 sqft NIA • Close to Rugby School and Ruby Clock Tower • Pedestrianised street with high footfall • Ground floor retail unit available to let for £20,000 pa • Available For Sale / To Let

Location: • Nearest Station: Rugby Station • Distance to Station: 0.7 miles

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

Full Description: Prime Town Centre Retail and Residential InvestmentDescriptionAn impressive architectural building constructed in the early 20th Century by Boots the Chemist, with terracotta frontage over three storeys, occupying a prime retail location in the heart of Rugby Town Centre. Comprising a ground floor retail premises benefiting from double frontage, with a fully fitted commercial kitchen, storage, WC's and basement storeroom. The rear of the property has been purposefully attached to the rear 4 Lawrence Sheriff Street, and comprises a ground floor retail unit with stairs leading to a bright and impressive first floor conservatory, benefiting from a stylish roof terrace, with further office and WC's. The first and second floors comprise of four self-contained one bedroom flats, currently all let on AST's, which are accessed via a communal entrance to the front. The residential flats have been well-maintained by the current owners and benefit from original features. The entire frontage of the premises was fully renovated and restored to its original beauty and magnificence in 2003 with the help of a heritage grant. Originally there were 60 Boots Chemists like this, and this one in Rugby is among the last of 3 now remaining throughout the country.The property has been measured in accordance with the RICS Measuring Practice and provides the following approx NIA:27 Highstreet, Rugby Sq.M Sq.FtGround Floor - Shop Front 120.83 3,566Ground Floor - Kitchen 24.88 268Ground Floor - Storage and WCs 25.16 271Basement - Storage Area 16.45 177First Floor - Flat 1 30.85 332First Floor - Flat 2 33.22 358Second Floor - Flat 1 42.35 456Second Floor - Flat 2 35.73 3854 Lawrence Sheriff St (rear) Ground Floor - Hairdressers 52.35 563First Floor - Conservatory & WCs 109.07 1,174Total 490.89 5,284The property occupies a prime central position on the pedestrianised High Street in the heart of Rugby Town Centre, just a short walk from the popular Clock Towers Shopping Centre and Asda megastore, offering ample parking option. Its location benefits from high foot traffic due to its proximity to Rugby School and popular neighboring businesses like Pizza Express, Costa Coffee, Holland & Barrett, Café Vin Cinq, and Wetherspoons. Rugby Train Station is conveniently located less than a mile away, with direct trains to London Euston in just 47 minutes.The property is available for sale on a Freehold basis, subject to the existing tenancies, listed below. The Ground Floor retail unit is available to let on a new lease for £20,000 per annum exclusive. Tenancy Schedule:Ground Floor - Retail Vacant - Available to let at a rent of £20,000 pa.4 Lawrence Sheriff St - RetailThe rear of the property is currently let to Altered Images Hair & Beauty Limited for a term of 8 years and expiring on 12th October 2027. The passing rent is £12,000 per annum. First and Second Floors - Residential The upper floor flats are all let on Assured Shorthold Tenancies totalling £2,470 pcm, producing an overall income of £29,640 per annum. PriceWe are instructed to seek a Freehold price of £675,000 (Six Hundred and Seventy Five Thousand Pounds), subject to contract.The Ground Floor retail unit is available to let on a new lease for a term to be agreed at a rent of £20,000 per annumm exclusive.UtilitiesWe are advised that main services are connected to the property, including mains water, drainage, gas and electricity. We would advise interested parties to undertake their own enquiries as to the adequacy and availability of these services, which have not been tested or verified by Howkins & Harrison LLP.EPCThe current EPC for the property isCommercial - CResidential - DPlanningWe understand that the property has planning permission for an 'E' use class, but may suit alternative uses subject to planning.ViewingsStrictly by prior appointment with sole agents Howkins & Harrison LLP on . Please contact:Jake Toddington MRICS Email: jake. Alex BrownEmail: alex. Prime Retail Location in the heart of Rugby Town CentreStunning period buildingDouble fronted ground floor commercial unitFour self contained residential flats over first and second floorAttractive first floor conservatory with roof terrace Approximately 5,284 sqft NIAClose to Rugby School and Ruby Clock Tower Pedestrianised street with high footfall