This property presents a compelling investment opportunity, featuring a combination of retail space and two residential apartments. While it currently requires modernization, its layout and location offer significant potential for renovation or redevelopment, making it ideal for investors looking to enhance value.
The ground floor comprises a shop with a sizable retail area that benefits from a cellar for additional storage. Its corner position on Holbrook Avenue presents various possibilities, including the potential conversion into more residential units subject to the necessary planning permissions. The blocked internal door at the rear of the shop could be reopened to connect directly to the first-floor apartment, enhancing accessibility and versatility.
The property includes a two-bedroom apartment on the first floor and a one-bedroom apartment on the ground floor, both of which are in need of refurbishment. Each unit has its own entrance and offers a functional layout waiting to be revitalized. The two-bedroom unit features separate living spaces that include a hallway leading to bedrooms, a living room with plenty of natural light from its bay window, and a kitchen equipped with essential appliances. The one-bedroom apartment also consists of practical living areas and will benefit significantly from updates.
Situated within walking distance of Rugby's town center and railway station, this location is particularly advantageous for tenants seeking convenience. Rugby offers an array of amenities, such as shops, restaurants, bars, coffee houses, and recreational facilities like Caldecott Park's expansive green space. Furthermore, access to major road networks makes commuting straightforward.
With state-funded schools and independent educational institutions close by—most notably Lawrence Sheriff School and Rugby School—this property is positioned to attract families as well as professionals, highlighting its rental potential in an area with demand for quality housing.
Overall, this property offers an exciting canvas for investment. With thoughtful renovations tailored to modern living standards or by developing existing spaces into additional rental units (subject to planning), there lies substantial potential for capital growth in this prime location.
