A sale of the long leasehold interest (115 years remaining). Offers are invited for the purchase of the long leasehold interest based on a guide of £100,000.
Located on the southern side of Rugby High Street, the property is located in the prime position to Rugby Town Centre’s pedestrian shopping area.
The shop floor is approximately 881.6 sq. ft. (81.9 sq. m) GIA with a bespoke painted hardwood shop front and finished with high quality brass fittings. The entrance has a tiled floor with mobility ramp and steps to the single level shop floor. The property benefits from a fitted kitchenette and WC to the rear. The property is available for sale, but letting the property would also be considered.
The property has planning permission for E(a) use – display or retail sale of goods, other than hot food.
The property has electricity, mains water and mains drainage with gas available but not connected.
In the alternative, rental offers will also be considered based upon a guide price of £10,000 per annum (£833.33 pcm). The Landlord is willing to paint, decorate and possibly consider further works as part of an appropriate lease agreement. Please discuss your requirements with Sworders.
Because the Landlord owns the 125-year Leasehold interest (with 115 years left to run) the property will be let as a sublease to that long leasehold agreement and will be contracted out of the 1954 Landlord and Tenant Act.
Viewings are strictly by prior arrangement with the sole agents Sworders.