Summary - Flat 1 Hanover Gardens, Albert Street CV21 2SN
1 bed 1 bath Commercial Development
Income-producing Victorian property with redevelopment potential close to transport.
Freehold mixed-use building with commercial unit and two one-bed flats
A substantial freehold mixed-use building in Rugby town centre, offered as a ready income-producing asset. The ground floor trading clinic plus two self-contained one-bedroom flats produce a gross rental yield of 6.95% and suit an investor seeking immediate cashflow and redevelopment potential. The upper flats benefit from gas central heating and modern finishes; the commercial unit is laid out as reception and five treatment rooms with a low-maintenance courtyard garden.
The property is a red-brick, three-storey Victorian semi-detached building with period features, high ceilings and bay windows — character that supports conversion or reconfiguration subject to consents. EPCs are C (commercial), C (Flat 2) and D (Flat 1). The building is not opted to tax and is offered freehold.
Location is central with strong transport links, fast broadband and excellent mobile signal; nearby schools include high-performing options for potential longer-term tenant demand. However, the immediate area is classified as deprived with very high crime levels, and on-street town-centre living offers limited private outdoor space. Prospective buyers should verify tenancy details, internal condition and any refurbishment costs before purchase.
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