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
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.
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
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.
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
Contacts
Seller's Solicitors
Hamlins LLP Roxburghe House273-287 Regents Street London W1B 2AD
