Summary - 5 - 7 CLIFTON ROAD RUGBY CV21 3PY
1 bed 1 bath Residential Development
**Standout Features:**
- **Location:** Prime mid-terrace position on Clifton Road, Rugby, just a short distance from the town center.
- **Spacious Layout:** Approximately 1,140 sq ft of retail space with additional 98 sq ft storage.
- **Investment Potential:** Approved planning permission for a single-storey extension to create two flats.
- **Annual Rent:** Currently generating £16,000 until March 31, 2024.
- **Accessibility:** Excellent mobile signal and fast broadband speeds support modern business needs.
**Concerns:**
- **Condition:** The property requires refurbishment; solid brick walls lack insulation, and heating is via electric storage heaters.
- **Local Crime Rate:** The area faces a high crime rate, necessitating caution for potential businesses or tenants.
**Summary Description:**
This mid-terrace commercial property on Clifton Road offers a fantastic investment opportunity with a substantial ground floor retail space. Boasting plans for a single-storey extension and the potential creation of two flats, this property aligns perfectly with investors looking to capitalize on urban demand. The spacious 1,140 sq ft sales area, complemented by well-illuminated display windows, presents an inviting setting for various retail or professional setups.
While the retail space is situated in an urban cultural mix, with nearby amenities including restaurants and schools, it does require some refurbishment for optimal functionality. With an annual rent of £16,000, the property offers a steady income stream until early 2024, making it a strategic investment in a vibrant location. Act quickly to secure this rare opportunity before it’s gone!
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