This freehold property is located in the heart of Rugby town centre and is leased to a well established and thriving local nursery (who also lease the next door property).
It represents an excellent long-term, stable, hassle free investment, being leased out to an established long-term business. The tenant has leased it on a 10-year lease from 3rd October 2022 at a rent of £24,000 per annum with a fifth-year tenant only break clause and RPI linked rent review.
At present, the property has Class E use permissable at the property
The property is over 1100 sq ft (ground floor 728 sq ft and first floor 442 sq ft) including a single storey rear extension.
There is a rear courtyard garden which is used as part of the nursery business.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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