2 / 8 Albert Street & 1 Carlisle Street Rugby Warwickshire CV21 2TP

2 / 8 Albert Street & 1 Carlisle Street
Rugby
Warwickshire
CV21 2TP

Freehold Retail and Office Investment

Comprises an unbroken parade of 5 ground floor retail units with office accommodation on the first floor
Pedestrianised Town Centre location
Corner location fronting Castle Street
Approximately 5,061 sq ft of commercial area
Nearby occupiers include HSBC, RBS, Lloyds, Papa John's and Peacock

Lot
62
Auction
13th July 2017
Rent
£55,940 per Annum Exclusive
Status
Sold
Price
£580,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Major Fund Manager

Important Update Interested?

Expand
Photos
Map

Freehold Retail and Office Investment

Comprises an unbroken parade of 5 ground floor retail units with office accommodation on the first floor
Pedestrianised Town Centre location
Corner location fronting Castle Street
Approximately 5,061 sq ft of commercial area
Nearby occupiers include HSBC, RBS, Lloyds, Papa John's and Peacock

Lot 62
Auction 13th July 2017
Rent £55,940 per Annum Exclusive
Status Sold
Price £580,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of a Major Fund Manager

Property Information

Location

Miles: 12 miles east of Coventry, 23 miles north-west of Northampton, 35 miles south-east of Birmingham
Roads: M1, M6, A5, A14
Rail: Rugby Railway Station
Air: Coventry Airport, Birmingham International Airport

Situation

The property is situated in a highly prominent corner location on the north side of the pedestrianised Castle Street, close to its junction with Church Street in the heart of the town centre. Nearby occupiers include Prezzo, Papa John's and Peacocks, as well as branches of HSBC, RBS and Lloyds banks.

Tenure

Freehold.

Location

Miles: 12 miles east of Coventry, 23 miles north-west of Northampton, 35 miles south-east of Birmingham
Roads: M1, M6, A5, A14
Rail: Rugby Railway Station
Air: Coventry Airport, Birmingham International Airport

Situation

Tenure

Freehold.

Description

The property comprises an unbroken parade of five retail units providing retail accommodation on the ground floor with office accommodation on the first floor. The property benefits from a small yard to the rear with parking for approximately 3 cars

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
1a Castle Street	Ground	Retail	32.89 sq m	(354 sq ft)	INDIVIDUAL t/a Boutique Hair	5 years from 01/08/2015	£6,800	31/07/2020
1b Castle Street	Ground	Retail	39.58 sq m	(426 sq ft)	DRAGONS PAPERCRAFT LIMITED t/a Dragon’s Paper Craft Gifts	5 years from 01/08/2015	£6,000	31/07/2020
1 Castle Street	Ground	Retail	47.66 sq m	(513 sq ft)	SP DRIVING LIMITED	5 years from 21/06/2017	£10,000	20/06/2022
1 Castle Street	First	Office	115.01 sq m	(1,238 sq ft)	MGN (RUGBY) LIMITED	5 years from 16/03/2017	£6,200	15/03/2022
6/8 Albert Street	First	Office	117.80 sq m	(1,268 sq ft)	S&L PERSONNEL LIMITED	5 years from 14/06/2017	£6,340	13/06/2022
8 Albert Street	Ground	Retail	50.45 sq m	(543 sq ft)	INDIVIDUAL t/a Eliza Doolittle	5 years from 21/09/2015	£9,600	20/09/2020
6 Albert Street	Ground	Retail/Office	66.80 sq m	(719 sq ft)	CADMAN HOMES (UK) LIMITED	7 years from 02/02/2017	£11,000	01/02/2024
Total			470.19 sq m	(5,061 sq ft)			£55,940