1 High Street
Rugby
Warwickshire
CV21 3BG

Freehold Retail Investment

  • Entirely let to Costa Ltd (2)
  • Pedestrianised High Street location
  • Close to The Swan Shopping Centre
  • Nearby occupiers include Monsoon, Savers, McDonald’s and Boots Opticians
  • Lot
    44
  • Auction
    14/Feb/2019
  • Rent
    £55,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £350,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Auction & Property Update
  • 1 High Street<br>Rugby<br>Warwickshire<br>CV21 3BG
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* More information on the term "price" can be found here

Property Information

Location
Miles
12 miles east of Coventry
23 miles north-west of Northampton
35 miles south-east of Birmingham
Roads
M1, M6, A5, A14
Rail
Rugby Railway Station
Air
Coventry Airport, Birmingham International Airport
Situation

The property is prominently situated on the eastern side of the pedestrianised High Street with nearby occupiers including McDonald’s, Savers, Monsoon and Boots Opticians. The Swan Shopping Centre is within close proximity and houses occupiers such as Tesco, Boots, New Look, Next and TK Maxx, along with 700 car parking spaces.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on first and second floors.

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
172.54 sq m
84.15 sq m
42.11 sq m
(1,857 sq ft)
(906 sq ft)
(453 sq ft)
COSTA LTD (1)
and PIONEERS
UK LTD (2)
15 years from
23/09/2005 on a full
repairing and insuring
lease
£55,00023/09/2020
Total
298.80 sq m
(3,216 sq ft)
  £55,000 

(1) For the year ending 1st March 2018, Costa Limited reported a turnover of £951,684,000, pre-tax profits of £105,215,000 and a total net worth of £521,738,000 (Source: Experian Group 15/01/2019).
(2) Pioneers UK Limited is a Costa Coffee franchisee that is also named as a tenant on the lease and remains jointly liable under the terms of the lease.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    05.02.19
    File Size
    9 MB
    Login to View
  • Catalogue Page
    Updated Date
    22.01.19
    File Size
    799 KB
    View PDF
  • Site Plan
    Updated Date
    22.01.19
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Thrings LLP 6 Drakes Meadow
Penny Lane
Swindon
SN3 3LL
Alex Pinhey 01793 412 681apinhey@thrings.com

Useful Links

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