2-3 High Street Rugby Warwickshire CV21 3BG

2-3 High Street
Rugby
Warwickshire
CV21 3BG

Freehold Restaurant Investment

Entirely let on new 20 year lease to Millcliffe Limited (t/a Burger King) with guarantee until November 2034
Pedestrianised High Street location
Adjacent to Marks & Spencer and Costa Coffee
Within close proximity to the Swan Shopping Centre
Rent £65,000 per annum exclusive plus turnover rent (if applicable) see below
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
9
Auction
26th March 2015
Rent
£65,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Restaurant Investment

Entirely let on new 20 year lease to Millcliffe Limited (t/a Burger King) with guarantee until November 2034
Pedestrianised High Street location
Adjacent to Marks & Spencer and Costa Coffee
Within close proximity to the Swan Shopping Centre
Rent £65,000 per annum exclusive plus turnover rent (if applicable) see below
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 9
Auction 26th March 2015
Rent £65,000 per Annum Exclusive
Status Sold Post
Price
Sector
Restaurant
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 12 miles east of Coventry, 23 miles north-west of Northampton, 35 miles south-east of Birmingham
Roads: M1, M6
Rail: Rugby Rail Station
Air: Coventry Airport, Birmingham International Airport

Situation

The property is prominently situated on the eastern side of the pedestrianised High Street adjacent to Marks & Spencer and Costa Coffee and within close proximity to the Swan Shopping Centre
which houses occupiers such as Tesco, Boots, New Look, Next and TK Maxx. Other nearby occupiers include McDonald’s, Topshop, Monsoon and Santander.

Tenure

Freehold.

Location

Miles: 12 miles east of Coventry, 23 miles north-west of Northampton, 35 miles south-east of Birmingham
Roads: M1, M6
Rail: Rugby Rail Station
Air: Coventry Airport, Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises a fast food restaurant providing retail and ancillary accommodation over ground and first floors.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First	Retail/Ancillary Retail/Ancillary	167.80 sq m 139.80 sq m	(1,806 sq ft) (1,505 sq ft)	MILLCLIFFE LIMITED (t/a Burger King) GUARANTEED BY CPL FOODS LIMITED	20 years from 17/11/2014 until 16/11/2034 on a full repairing and insuring lease	£65,000 (plus turnover rent of 12% of sales over £650,000)	17/11/2019 and five yearly
Totals		307.60 sq m	(3,311 sq ft)			£65,000