Railway Terrace, Rugby

The Opportunity

An unusual opportunity to purchase a freehold (title to be split) investment/development opportunity, which is currently part of a hotel. With eight bedrooms (four doubles, four singles), all with either en-suite bathrooms or shower-rooms, the property is currently heated via a communal gas boiler and will have it's own electricity metre. The single rooms are circa £55 per night and the doubles £65, however the room could benefit from refurbishment and with concentrated marketing could achieve more. The property could also been converted into an HMO, or apartments. There is the potential to negotiate with the owner about parking spaces on a purchased or permit basis. Positioned close to the town centre and railway station/bus station, this could be a lucrative investment for a seasoned investor. No chain.

About the Area

Rugby's economy is mainly industrial and distribution. It is an engineering centre and has a long history of producing gas and steam turbines at the GEC and at the AEI. The AEI was earlier British Thomson-Houston or BTH. They used to dominate employment in the town. They are now amalgamated to form Alstom. Engineering in Rugby is still the most important sector.

There are three new retail parks, “Elliot's Field” which is leisure and fashion centric, “Junction One” which has a 9 screen cinema and several shops and fast food outlets. “Technology Drive” is mainly home stores and DIY based. Elliot's Field has launched a second phase with more big names to compliment the existing retailers.

There are many excellent schools In Rugby including grammar school (Lawrence Sherrif), Girls School, Ashlawn School (OFSTED Top Rated) and of course the world famous Rugby School where the modern game of Rugby was born.

Continued

Rugby is credited as the town that gave the inspiration for the modern Olympic Games, the invention of the laser, hologram and jet engine and enjoys a growing tourism economy as the council and other partners increase the promotion and marketing of the town which is the fastest growing in the West Midlands.

London is only 54 minutes away by (non-stop) train, and the town is excellently positioned for the M1, M6 and A5 as well as the A45, A46 and DIRFT.

About the Agent

Viewing is strictly by appointment via the sole agents, Cadman Homes. We are a local, family owned and run firm of estate and letting agents covering the Rugby, Lutterworth, Coventry and Leamington areas.

If you are unsure of the value of your home, or simply haven't chosen an agent to sell or let it, we'd love to show you what we can do for you. For valuations, mortgages, conveyancers and more contact the local office.

We specialise in character/listed properties and bespoke new build and development sites.