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    Key features

    • Freehold block of four self-contained flats — 3 × 1-bed, 1 × 2-bed
    • Renovated to high specification with full planning permission and Building Regulations completion certificates held
    • Five dedicated parking spaces and communal gardens
    • 59 Boughton Road also available in this auction
    • 0.7 miles from Rugby station (50 minutes to London Euston)
    • Producing £43,920 per annum.

    Description

    Fully income-producing freehold residential block.

    Converted from a detached house into four high-quality self-contained apartments under full planning permission with all Building Regulations completion certificates in place.

    The property generates a verified income of £43,920 per annum.

    Each apartment feature modern finishes including herringbone wood flooring, fitted kitchens with integrated appliances, and contemporary bathrooms with glass enclosures.

    The property sits on a plot of approximately 5,000 sq ft with five parking spaces and communal gardens.

    Additional information

    Tenure

    Freehold.

    Tenancy

    Each tenancy has rolled into a monthly contractual periodic tenancy in accordance with clause 12.3 of the respective agreements, and all four tenants remain in occupation paying rent. All ASTs and rent collection are done via Openrent. 

    Planning

    Full planning permission granted by Rugby Borough Council for conversion and subdivision into 4 residential units.

    Rent

    Producing £43,920 per annum.

    Notes

    59 Boughton Road is available in the same auction — vacant detached house, clean freehold, ready for conversion or development.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Located on Boughton Road, close to the turning for Projects Drive.

      A range of shopping amenities are available in the centre of Rugby.

      The recreational amenities of Broughton Road Recreation Ground and Swift Valley Country Park are close by.


      Transport

      Rugby - National Rail.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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