35, North Street, RUGBY, Warwickshire, CV21 2AL

Description

This licensed premises was previously a wine bar/pub with function spaces. Including the basement, it extends over three floors to some 3,340 sq ft. The property may be suitable for a variety of uses and prospective bidders must rely on their own enquiries as to permissions that may be required for intended use. Accommodation: Ground Floor 1,259 sq ft (116.9 sq m) First Floor 1,139 sq ft (105.8 sq m) Basement 942 sq ft (87.5 sq m) Total 3,340 sq ft (310.2 sq m)

Location

The property holds a prominent town centre location close to Rugby Central Shopping Centre and a range of local facilities and amenities. There is a good mix of nearby occupiers that includes Barclays, NatWest, Hinkley and Rugby Building Society and other independent outlets and restaurants.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £10,000–£30,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆