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![]() Prime Multi-Let Retail/Restaurant Investment
LocationRugby is a market town in Warwickshire and second largest town in England. Rugby is located between Coventry, Leicester and Northampton at the crossroads of the motorway network where the M1, M6, M69, A5 and A14 join, making it a first class location for distribution. The town is connected to the national railway network with a fastest journey time to London Euston of just 47 minutes, making it a popular commuter town. Rugby is a town steeped in history, being the birthplace of the jet engine and Rugby School famously being the birthplace of the game of rugby. In January 2023 it was announced that Rugby town centre’s regeneration strategy would get a £5 million boost with the funding to be used to deliver improvements to the town centre physical environment and enhanced town centre cctv coverage. Summary
SituationThe property occupies a highly prominent position in the heart of the town centre on the pedestrianised Market Place, at its junction with Church Street. The property is in a 100% prime retailing pitch, directly opposite the main entrance to Rugby Central Shopping Centre. Nearby occupiers include Caffe Nero, WHSmith, Vision Express, Greggs and McDonalds. The Rugby Central Shopping Centre provides a total of 19,509 sq m (210,000 sq ft) of retail space over four levels, plus a 535-space multi-storey car park. With over 50 stores, retailers including Vision Express, Superdrug, EE, Ryman, New Look, Warren James and Clintons. DescriptionOccupying a highly prominent position within the town centre, the property currently comprises a parade of four retail units arranged as follows: • 69 Church Street (Vintage Barbers) comprises a ground floor retail unit with ancillary accommodation at first floor extending over the adjoining unit (70 Church Street). The tenant has been granted permission to convert the upper parts to residential use, subject to obtaining the necessary consents. • 70 Church Street (Vodafone) comprises a retail unit on ground floor only. • 5 Royal George Buildings (Karak Chaii) comprises a ground floor double-fronted retail/A3 unit with ancillary accommodation on first and second floor. The unit has been newly fitted out by the tenant to a very high standard at a cost of c.£400,000. • 6 Royal George Buildings (Dr Noodles) comprises a ground floor retail/A3 unit with ancillary accommodation on first and second floor. The unit has been newly fitted out by the tenant to a very high standard. The property benefits from a rear yard area and 6 designated car parking spaces. Contacts
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