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Property for sale in Main Street, Newbold

Property - £750,000

Main Street, Newbold

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First listed on: 13th July 2017

Nearest stations: Rugby (1.6 mi)Coventry Arena (9.6 mi)Coventry (9.8 mi)Bedworth (9.9 mi)

Interested in this property? Call See phone number 01788 560 905

Property Features

  • Block of Eight Residential Apartments
  • Four One Beds, Four Two Beds
  • Most are Tenanted, Can be Full Occupancy If Desired
  • Freehold Ground Rent Collection Available By Separate Negotiations
  • Popular Village With Good Amenities

Property Description

An interesting investment opportunity. The purchase of a block of apartments in a popular village close to Rugby town centre and the M6/M1 motorways. Four one bedroom and four two bedroom apartments, producing an income of circa 40,000 per annum. This development offers CCTV & residents car park. Overview The "bricks and mortar" are being sold in the form of four one bedroom and four two bedroom apartments set over three floors. The apartments are circa 10 years old and some could do with cosmetic updating which will uplift the rental return. Most of the units are currently tenanted and they can be sold at full occupancy if required. The ground rent is just £100 per annum and the service charges are circa £40 per month. The apartments can be sold as one purchase or packaged into smaller groups and split on/prior to completion if required. The income for the development is circa £40,000 per year. The "land" (freehold) is also available for sale with the ground rent collection. Please ask for details.Newbold on Avon Village Newbold village offers a great range of shops and amenities including a parade of local shops and stores, two public houses with wet and dry trade, St. Botolph's Church, Avon Valley School as well as access to the Oxford Canal network. The M1/M6/A5 and A14 road and motorway networks are all within a few minutesâ?? drive and the newly developed retail parks of Rugby are only a short drive away. The village also has it's own Rugby team which have just secured promotion to the National Three Division.Rugby Area, Economy and OpportunityRugby town centre includes numerous restaurants of various kinds and many pubs. In 2002, Brownsover Fish Bar on Hollowell Way, Brownsover, was named as the best seller of Fish and Chips in the country. The town centre is noted for its large number of pubs.
The main shopping area in Rugby is in the streets around the Clock Tower, two of which - High Street and Sheep Street - are pedestrianised. The town centre has an indoor shopping centre called The Clock Towers which opened in 1980 and is currently subject to a planning application to be redeveloped. A â??restaurant quarterâ? is being opened in the town centre to compliment World Rugbyâ??s official â??Hall of Fameâ? which is based at the museum/library. A street market is held in the town centre several days a week. In recent years several out-of-town retail centres have opened to the north of the town. Rugby contains several large parks, most notably Caldecott Park near the town hall.
In 2010 a short local bypass, the first part of the Rugby Western Relief Road, was opened, running from the A428 (Lawford Road) along the edge of the built-up area to the A4071 (road from Rugby through Bilton and Cawston) a little west of Cawston, to take through heavy traffic off suburban housing roads such as Addison Road.
Rugby's economy is mainly industrial. 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 Laura Ashley and a 9 screen cinema and several restaurants and fast food outlets. â??Technology Driveâ? is mainly home stores and DIY based. Elliotâ??s Field has just announced a second phase more big names to compliment Debenhams, Nike and NEXT which are some of the stores on the existing park.
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.
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 train, and the town is excellently positioned for the M1, M6 and A5 as well as the A45, A46 and DIRFT.
An interesting investment opportunity. The purchase of a block of apartments in a popular village close to Rugby town centre and the M6/M1 motorways. Four one bedroom and four two bedroom apartments, producing an income of circa 40,000 per annum. This development offers CCTV & residents car park. Overview The "bricks and mortar" are being sold in the form of four one bedroom and four two bedroom apartments set over three floors. The apartments are circa 10 years old and some could do with cosmetic updating which will uplift the rental return. Most of the units are currently tenanted and they can be sold at full occupancy if required. The ground rent is just £100 per annum and the service charges are circa £40 per month. The apartments can be sold as one purchase or packaged into smaller groups and split on/prior to completion if required. The income for the development is circa £40,000 per year. The "land" (freehold) is also available for sale with the ground rent collection. Please ask for details.Newbold on Avon Village Newbold village offers a great range of shops and amenities including a parade of local shops and stores, two public houses with wet and dry trade, St. Botolph's Church, Avon Valley School as well as access to the Oxford Canal network. The M1/M6/A5 and A14 road and motorway networks are all within a few minutesâ?? drive and the newly developed retail parks of Rugby are only a short drive away. The village also has it's own Rugby team which have just secured promotion to the National Three Division.Rugby Area, Economy and OpportunityRugby town centre includes numerous restaurants of various kinds and many pubs. In 2002, Brownsover Fish Bar on Hollowell Way, Brownsover, was named as the best seller of Fish and Chips in the country. The town centre is noted for its large number of pubs.
The main shopping area in Rugby is in the streets around the Clock Tower, two of which - High Street and Sheep Street - are pedestrianised. The town centre has an indoor shopping centre called The Clock Towers which opened in 1980 and is currently subject to a planning application to be redeveloped. A â??restaurant quarterâ? is being opened in the town centre to compliment World Rugbyâ??s official â??Hall of Fameâ? which is based at the museum/library. A street market is held in the town centre several days a week. In recent years several out-of-town retail centres have opened to the north of the town. Rugby contains several large parks, most notably Caldecott Park near the town hall.
In 2010 a short local bypass, the first part of the Rugby Western Relief Road, was opened, running from the A428 (Lawford Road) along the edge of the built-up area to the A4071 (road from Rugby through Bilton and Cawston) a little west of Cawston, to take through heavy traffic off suburban housing roads such as Addison Road.
Rugby's economy is mainly industrial. 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 Laura Ashley and a 9 screen cinema and several restaurants and fast food outlets. â??Technology Driveâ? is mainly home stores and DIY based. Elliotâ??s Field has just announced a second phase more big names to compliment Debenhams, Nike and NEXT which are some of the stores on the existing park.
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.
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 train, and the town is excellently positioned for the M1, M6 and A5 as well as the A45, A46 and DIRFT.
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Date History Details
15/06/2017 Property listed at £750,000

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Disclaimer

Disclaimer Property reference 10028CV2_e0198ee6-aa57-46cd-9c65-017d75f37b04_S. Details are provided and maintained by Cadman Homes. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

1, Castle Street

Rugby

CV21 2TP

Telephone: See phone number 01788 560 905

Website: Go to Agent Website

Disclaimer

Disclaimer Property reference 10028CV2_e0198ee6-aa57-46cd-9c65-017d75f37b04_S. Details are provided and maintained by Cadman Homes. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

1, Castle Street

Rugby

CV21 2TP

Telephone: See phone number 01788 560 905

Website: Go to Agent Website

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