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An unusual opportunity to
purchase a freehold (title to be split) investmentdevelopment
opportunity, which is currently part of a hotel. With eight
bedrooms (four doubles, four singles), all with either en-suite
bathrooms or shower-rooms, the property is currently heated via a
communal gas boiler and will have it‘s own electricity metre. The
single rooms are circa £55 per night and the doubles £65, however
the room could benefit from refurbishment and with concentrated
marketing could achieve more. The property could also been
converted into an HMO, or apartments. There is the potential to
negotiate with the owner about parking spaces on a purchased or
permit basis. Positioned close to the town centre and railway
stationbus station, this could be a lucrative investment for a
seasoned investor. No chain.
The Opportunity
An unusual opportunity to purchase a freehold (title to be split)
investmentdevelopment opportunity, which is currently part of a
hotel. With eight bedrooms (four doubles, four singles), all with
either en-suite bathrooms or shower-rooms, the property is
currently heated via a communal gas boiler and will have it‘s own
electricity metre. The single rooms are circa £55 per night and the
doubles £65, however the room could benefit from refurbishment and
with concentrated marketing could achieve more. The property could
also been converted into an HMO, or apartments. There is the
potential to negotiate with the owner about parking spaces on a
purchased or permit basis. Positioned close to the town centre and
railway stationbus station, this could be a lucrative investment
for a seasoned investor. No chain.
About the Area
Rugby‘s economy is mainly industrial and distribution. It is an
engineering centre and has a long history of producing gas and
steam turbines at the GEC and at the AEI. The AEI was earlier
British Thomson-Houston or BTH. They used to dominate employment in
the town. They are now amalgamated to form Alstom. Engineering in
Rugby is still the most important sector. There are three new
retail parks, â--Elliotâ--s Fieldâ-- which is leisure and fashion
centric, â--Junction Oneâ-- which has a 9 screen cinema and several
shops and fast food outlets. â--Technology Driveâ-- is mainly home
stores and DIY based. Elliotâ--s Field has launched a second phase
with more big names to compliment the existing retailers. There are
many excellent schools In Rugby including grammar school (Lawrence
Sherrif), Girls School, Ashlawn School (OFSTED Top Rated) and of
course the world famous Rugby School where the modern game of Rugby
was born.
Continued
Rugby is credited as the town that gave the inspiration for the
modern Olympic Games, the invention of the laser, hologram and jet
engine and enjoys a growing tourism economy as the council and
other partners increase the promotion and marketing of the town
which is the fastest growing in the West Midlands. London is only
54 minutes away by (non-stop) train, and the town is excellently
positioned for the M1, M6 and A5 as well as the A45, A46 and
DIRFT.
About the Agent
Viewing is strictly by appointment via the sole agents, Cadman
Homes. We are a local, family owned and run firm of estate and
letting agents covering the Rugby, Lutterworth, Coventry and
Leamington areas. If you are unsure of the value of your home, or
simply havenâ--t chosen an agent to sell or let it, weâ--d love to
show you what we can do for you. For valuations, mortgages,
conveyancers and more contact the local office. We specialise in
characterlisted properties and bespoke new build and development
sites.
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