The subject property is located in an area of mixed residential, commercial and community development within short walking distance of Rugby Town Centre and the railway station. The property forms part of a terrace of commercial and residential properties with parking potentially available on a first come first served basis at the immediate front.
The property comprises a mixed commercial and residential investment property currently comprising tenanted shop occupied as a tile studio along with the neighbouring shop No. 191 (which is in a different ownership and not part of the current proposed sale) together with additional presently redundant ground floor accommodation at the rear offering potential for conversion along with the existing cellar area. Otherwise the upper two floors have been converted to provide two self-contained flats (one 2 bedroomed unit and one 1 bedroomed unit) held by Mercian Housing Association Ltd. under an existing lease representing an attractive commercial investment with potential for a significant uplift in the current reserved rent on lease expiry.