Property Listing
FOR SALE
29-31 Clifton Road, Rugby, Warwickshire, CV21
Retail Investment with Upper Floors.
3,584
Sq Ft
Enquire about this property
Contact: Tom Drake
Tel: 01604 620616
Email: tdrake@drakeandpartners.co.uk
Specification
- Three storey, prominently positioned building that comprises ground floor retail and 1st & 2nd floor D1 uses.
- The upper parts are brick built, with a pitched tiled roof and dormer windows.
- The ground floor provides a largely open plan retail unit with a double shop front.
- The upper floors have a private ground floor entrance and is laid out in individual office/treatment rooms.
- Various asset management, reletting and redevelopment opportunities.
Location
Rugby is a rapidly expanding town situated in the centre of the UK’s motorway network, with easy access to the M1, M6 and M45, as well as the A5 and A14.
The town is rapidly growing and increasingly popular with commuters, taking advantage of the direct rail services to London (50 minutes) and Birmingham (32 minutes).
Clifton Road is located on the edge of Rugby town centre, on a busy main road and bus route. There is a key town centre bus stop directly outside the property, which provides excellent footfall. Surrounding retailers include Sainsbury’s Local (next door), Johnsons Cleaners, Subway, Betfred and Lloyds Pharmacy. Other key occupiers that are nearby are Brethertons Solicitors and both Lawrence Sheriff and Rugby Schools, which adds to the footfall.
Terms
Offers are sought in the region of £450,000 (Four hundred and fifty thousand pounds), which reflects an attractive net initial yield of 7.5%, allowing for the usual purchaser’s costs. Purchasers should rely on their own market research, evidence and calculations.
