Summary - 238 FROBISHER ROAD RUGBY CV22 7JF
1 bed 1 bath Commercial Property
Freehold retail and flats with current income and clear uplift via lease extensions..
Freehold mixed-use block: 3 shops and 10 one-bed flats
An established mixed-use freehold investment in Rugby, offering immediate income and tangible uplift potential. The property comprises three ground-floor retail units (including One Stop and Domino’s) plus ten one-bedroom flats above, currently producing a combined income of £41,210 per annum. A substantial rear parcel with nine garages (two currently vacant) and enclosed yards to two retail units add usable asset value.
The investment benefits from new institutional-style retail leases (One Stop 10 years, Domino’s 20 years, Kate Webb 10 years) and clear scope for capital improvement. There is explicit upside in carrying out seven ground-lease extensions for the flats, plus scope to extend the shops and add further garaging — routes that should increase rental value and overall capital worth.
Buyers should be aware of a material financing constraint: seven flats are held on ground leases with only 46 years remaining. This short lease term is likely to deter mortgage lenders and could limit mortgage-based purchasers. Ground rent on those leases is nominal (£30 per annum), but lease length is the primary concern.
For a cash buyer or an investor able to manage lease extensions and refurbishment, the freehold presents a large, well-located parade with strong frontage, passing trade and steady retail tenancy. The site is in an urban residential area with good local amenities and schools, supporting long-term rental demand.
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