Lawford Lane, Bilton, Rugby, CV22 7JP
Guide Price
£165,000
£105.03 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,571 sq ft
146 sq m
- SECTOR
Commercial property for sale
Key features
- Investment Opportunity
- Established Business
- Prominent Location
- Potential Rental Growth
- Total Floor Area: 146.10sq.m / 1,571sq.ft
- Currently let and producing an annual rent of £11,050 pa.
Description
Description
The property is located in the Popular Village of Bilton, a suburb of Rugby approximately 1.5 miles from the Town Centre, on the corner of Lawford Lane at its junction with Main Street.
The property comprises a brick built two-story property with painted rendered frontage and UPVC double glazed windows throughout building a split into three units. The ground floor comprises a kitchen design business and barber shop whilst the first floor is occupied by a hair salon, each of which is self-contained. The property was repaired and repainted externally within the last 5 years.
The property has been measured in accordance with the RICS Measuring Practise and provides the following approx. NIA:
sq m sq ft
Barber Shop 11.4 123
Bilton Kitchen Co. 54.3 584
Camelion Hair Design 80.3 864
TOTAL NIA 146 1,571
Price
Guide Price - £165,000
Location
Bilton forms part of Rugby, an expanding market town situated close to the East/West Midlands border and strategically located for a number of major routes including the M1 motorway at junction 18, the M6 motorway at junction 1 and the A5, and also quick and easy access to the A14. Rugby is a bustling town with an increasing population, currently in excess of 100,000 and sits within striking distance of Coventry to the west and Northamptonshire and Leicestershire to the east and north respectively. Rugby's main central shopping centre is surrounded by the retail areas of the town and there are a number of major outlying industrial estates and a retail park at Elliott Fields Park on the Leicester Road to the north of the town centre. Rugby town is also credited with being the birthplace of Rugby Football Union.
Utilities
We are advised that all mains services are connected to the property, including mains electricity, gas, water and drainage.
We would advise interested parties to undertake their own enquiries as to the adequacy and availability of these services, which have not been tested or verified by Howkins & Harrison LLP.
Business Rates
We have established from the VOA Website that the property has the following rateable values:
GF 2 Lawford Lane - £5,400
2 Lawford Lane - £1,550
FF 2 Lawford Lane - £5,400
VAT
Howkins & Harrison LLP stipulate that all prices and rents are stated exclusive of VAT whether or not payable.
EPC
TBC.
Planning
We understand the property has Planning Permission for its current uses, falling under an E use class, but may suit alternative uses subject to planning.
Viewings
Strictly by prior appointment with sole agents Howkins & Harrison LLP on .
Please contact the Commercial Department.
Email:
Tenure Comments
The property is being sold subject to the existing tenancies which are currently holding over.
Ground Floor Front Unit - Bilton Kitchen Co. Ltd are the present tenants and have been in occupation for some years. The current passing rent is equal to £5,000 per annum and commenced 10th of September 2012.
Ground Floor Rear Unit - Mr. Robert Cresswell is the present tenant who has been in the occupation for some years. The current passing rent is equal to £1,800 per annum and commenced 2013.
First Floor Unit - Ian Snutch trading as Camelion Hair is the present tenant who has been in occupation under a lease dated 12 June 2007 at a passing rent of £4,250 per annum.
The total rent role is equal to £11,050 per annum exclusive.
The property is potential for rental growth and/or alternative use subject planning.
The property is located in the Popular Village of Bilton, a suburb of Rugby approximately 1.5 miles from the Town Centre, on the corner of Lawford Lane at its junction with Main Street.
The property comprises a brick built two-story property with painted rendered frontage and UPVC double glazed windows throughout building a split into three units. The ground floor comprises a kitchen design business and barber shop whilst the first floor is occupied by a hair salon, each of which is self-contained. The property was repaired and repainted externally within the last 5 years.
The property has been measured in accordance with the RICS Measuring Practise and provides the following approx. NIA:
sq m sq ft
Barber Shop 11.4 123
Bilton Kitchen Co. 54.3 584
Camelion Hair Design 80.3 864
TOTAL NIA 146 1,571
Price
Guide Price - £165,000
Location
Bilton forms part of Rugby, an expanding market town situated close to the East/West Midlands border and strategically located for a number of major routes including the M1 motorway at junction 18, the M6 motorway at junction 1 and the A5, and also quick and easy access to the A14. Rugby is a bustling town with an increasing population, currently in excess of 100,000 and sits within striking distance of Coventry to the west and Northamptonshire and Leicestershire to the east and north respectively. Rugby's main central shopping centre is surrounded by the retail areas of the town and there are a number of major outlying industrial estates and a retail park at Elliott Fields Park on the Leicester Road to the north of the town centre. Rugby town is also credited with being the birthplace of Rugby Football Union.
Utilities
We are advised that all mains services are connected to the property, including mains electricity, gas, water and drainage.
We would advise interested parties to undertake their own enquiries as to the adequacy and availability of these services, which have not been tested or verified by Howkins & Harrison LLP.
Business Rates
We have established from the VOA Website that the property has the following rateable values:
GF 2 Lawford Lane - £5,400
2 Lawford Lane - £1,550
FF 2 Lawford Lane - £5,400
VAT
Howkins & Harrison LLP stipulate that all prices and rents are stated exclusive of VAT whether or not payable.
EPC
TBC.
Planning
We understand the property has Planning Permission for its current uses, falling under an E use class, but may suit alternative uses subject to planning.
Viewings
Strictly by prior appointment with sole agents Howkins & Harrison LLP on .
Please contact the Commercial Department.
Email:
Tenure Comments
The property is being sold subject to the existing tenancies which are currently holding over.
Ground Floor Front Unit - Bilton Kitchen Co. Ltd are the present tenants and have been in occupation for some years. The current passing rent is equal to £5,000 per annum and commenced 10th of September 2012.
Ground Floor Rear Unit - Mr. Robert Cresswell is the present tenant who has been in the occupation for some years. The current passing rent is equal to £1,800 per annum and commenced 2013.
First Floor Unit - Ian Snutch trading as Camelion Hair is the present tenant who has been in occupation under a lease dated 12 June 2007 at a passing rent of £4,250 per annum.
The total rent role is equal to £11,050 per annum exclusive.
The property is potential for rental growth and/or alternative use subject planning.
Brochures
Lawford Lane, Bilton, Rugby, CV22 7JP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Rugby Station2.3 miles
Notes
These notes are private, only you can see them.
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