Unit A - F, Central Park Bryant Road Rugby Warwickshire CV23 0UX

Unit A - F, Central Park
Bryant Road
Rugby
Warwickshire
CV23 0UX

Modern Retail Parade Investment

Producing £73,666.04 p.a.x. (gross) £73,656.04 (net)
Comprises a modern parade of 6 retail units
Adjacent to Premier Inn and Aldi Supermarket
Close to the M6 (Junction 1)
On-site car parking
Nearby occupiers include Continental Tyres, Pearson and a major modern housing estate
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
46
Auction
21st May 2015
Rent
£73,666 per Annum Exclusive
Status
Sold
Price
£700,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Modern Retail Parade Investment

Producing £73,666.04 p.a.x. (gross) £73,656.04 (net)
Comprises a modern parade of 6 retail units
Adjacent to Premier Inn and Aldi Supermarket
Close to the M6 (Junction 1)
On-site car parking
Nearby occupiers include Continental Tyres, Pearson and a major modern housing estate
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 46
Auction 21st May 2015
Rent £73,666 per Annum Exclusive
Status Sold
Price £700,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 12 miles east of Coventry, 24 miles north-west of Northampton, 35 miles south-east of Birmingham
Roads: M6 (Junction 1), M1 (Junction 19), A5
Rail: Rugby Railway Station
Air: Coventry Airport, Birmingham International Airport

Situation

The property is situated on the Central Park Local Centre which forms part of a larger mixed use development, including a major new housing estate with new business space. Premier Inn and Aldi are adjacent to the property. Continental Tyre Factory and Pearson/ Penguin are close by.

Tenure

Virtual Freehold. Held for a term of 999 years less 2 days from 20th April 2006 at a current rent reserved of £10 per annum.

Location

Miles: 12 miles east of Coventry, 24 miles north-west of Northampton, 35 miles south-east of Birmingham
Roads: M6 (Junction 1), M1 (Junction 19), A5
Rail: Rugby Railway Station
Air: Coventry Airport, Birmingham International Airport

Situation

Tenure

Virtual Freehold. Held for a term of 999 years less 2 days from 20th April 2006 at a current rent reserved of £10 per annum.

Description

The property comprises a modern ground floor parade of 6 retail units, which forms part of a larger modern development fronting the A426. The property benefits from on-site car parking.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.	Review/(Reversion)
A	Ground	Retail	201.41 sq m	(2,168 sq ft)	INDIVIDUAL (t/a Monarch Carpets)	10 years from 14/01/2015	£18,000	31/07/2022
B & C	Ground	Retail	Not Measured		JOSEPH MORRIS KITCHENS LTD	Let on 2 leases each 999 years from 20/04/2006	£200 (1)
D	Ground	Retail	101.07 sq m	(1,088 sq ft)	INDIVIDUAL (t/a Perfection Express)	5 years from 18/11/2011	£14,000	(17/11/2016)
E	Ground	Retail	101.07 sq m	(1,088 sq ft)	INDIVIDUAL	15 years from 21/04/2008	£16,320	21/04/2018 (20/04/2023)
F	Ground	Retail	101.07 sq m	(1,088 sq ft)	SUBWAY REALTY LIMITED (2)	15 years from 29/09/2008	£16,336	29/09/2018 (28/09/2023)
	Ground	ATM Room			NATIONWIDE BUILDING SOCIETY	10 years from 23/07/2007	£8,810.04	(22/07/2017)
Totals			504.62 sq m	(5,432 sq ft)			£73,666.04

(1) As to Units B & C, the annual rent doubles every 25 years.
(2)For the year ending 31st December 2013, Subway Realty Limited reported a turnover of £27,940,819, pre-tax profits of £1,457,251 and a total net worth of £1,632,387. (Source: www.riskdisk.com 17/04/2015).