Freehold, attractive, blue-chip, town-centre medical investment
The property, constructed in the Victorian era in 1893, is a 3 storey building with a Georgian render and contains a double fronted shopfront with a central entrance door at ground floor level.
It measures ca. 2,000 sq ft altogether – 650 sq. ft. on ground
The property is a Grade II Listed Building within the Rugby Town Centre Conservation Area.
The premises provide ground floor sales, first floor consulting rooms, staff room and toilets and second floor kitchen and storage.
There is also an unused basement and attic.
Location Description
Rugby is an attractive market town located on the north eastern edge of Warwickshire, close to the borders with Northamptonshire and Leicestershire.
It is the second largest town in the County and is situated approximately 12 miles east of Coventry and 20 miles north-west of Northampton.
The town has a strong road network with the A426 and A428 providing access to the M1, M6 and M45 Motorways and the National Motorway Network thereafter.
Rugby’s main line train line provides regular direct services to London Euston and Birmingham. The town is a popular tourist location and is home to Rugby School.
The subject premises are situated in a prime position in the pedestrianised Market Place close to its junction with Sheep Street, High Street and Chapel Street. Nearby occupiers provide a mix of national and independent traders and include McDonalds, Top Shop, Monsoon, WH Smith, The Body Shop, Thomson Travel and Costa Coffee.
There is a regular Open Market held 3 days a week and a Farmers Market held one day a week in Market Place.
Also in close proximity is the Swan Centre, a newly developed pedestrianised shopping area between ASDA and the Clock Towers Shopping Centre, which has recently been granted consent to extend and the proposed extension may include a cinema and additional retail and restaurants.
Additional Notes
We understand that there is a small area of flying freehold. A small part of the upper floors over-sails about a metre of next door ground floor.
The entire premises are leased to Boots Opticians Professional Services Ltd (Co Reg 06779221) by way of a 5 year effective FRI lease from 4/8/2015 at a passing rent of £32,000 per annum exclusive
The lease has recently been renewed, and we understand that the premises have been used as an Optician’s for over 20 years.
The premises have been operated via a franchisee and we understand that the premises provide both optical and hearing services.
The premises have been underlet to the franchisee, Rugby Eye Care Ltd (Co Reg 6451747) on coterminous terms.