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16 - 18 High Street, Rugby, Warwickshire, CV21

Investment For Sale

16,817 Sq Ft (1,562.3 Sq M)

For Sale: £1,000,000 for the Freehold

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Retail/leisure investment
Rental income: £86,500
Prominent town centre location
8.2% net return with excellent tenant profiles *
The property is a substantial mid terraced building arranged over predominantly two floors with a front three storey section. The front section is of solid brick construction with a pitched element, whilst the balance of the property is of relatively modern cavity brick construction under a flat roof system. The property is currently used for retail purposes at ground floor level with a self contained first floor nightclub.

There is a conventional retail façade at ground floor level with access to the shop, which is occupied by British Heart Foundation. There is a substantial retail area with rear stores and loading doors, with a secure rear service yard area.

There is a separate access to the nightclub on the left hand side of the property. The nightclub is occupied by Stonegate Pub Company Limited. There are two principle trading areas with ancillary accommodation including a one bedroom manager's flat (with separate rear access).
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