Commercial property for sale

Description

Freehold Sale Regent Street Rugby Town Centre
Investment and Redevelopment Opportunity
Also Suitable For Owner Occupier

Location

Lennards Chambers is prominently situated in Rugby Town Centre, on the corner of Regent Street and Church Street, in the heart of the town, just a 5 minute walk from the asda car park and onstreet parking very close by. 1 Regent Street is sited directly opposite St. Andrews Church and Lloyds Bank at a busy pedestrian crossing, in a prime location.
Rugby town centre is only 35 miles east of Birmingham and 15 miles east from Coventry. Rugby boasts strong motorway and road network links, being only 3 miles south of the M6 and 4 miles north of the M45; providing other major links to the M1, A45 to Daventry and the M40.

Services

All mains services are connected, including gas, electric, water and drainage.

Tenure

The property is available freehold, with vacant possession of the first and second floors.

Planning

The premises currently have a Class E use. However, the upper floors previously had consent for residential conversion for 9 studio apartments, which expired in April 2023.

A revised application has been lodged for consent to convert the upper floors to 6 large, 1 bedroom apartments. Proposed floorplans are enclosed.
Application Number: R24/0299

Rent

Price

£750,000 Freehold

Rates

The rateable value for the current year is £43,500.

Legal Costs

Each party will be responsible for their own legal costs incurred in the transaction.

EPC

E 124

Highly Prominent Town Centre Location

Impressive Period Building

6,171 sq.ft (573.29 sq.m) Net Internal Area

Upper Floor Offices Formally With Residential Consent

Ground Floor Retail Of 1,837 sq.ft (170.67 sq.m)

Great Restaurant/Coffee Shop Potential