Retail premises for sale in High Street, Rugby, Warwickshire CV21

£475,000 (£1,184.54/sq. ft)
From 401 - 818 sq. ft*
Interested in this property? Call +44 20 8128 4245 * or Request Details

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Property description

Freehold Shop Investment

Prominent town centre retailing pitch

Let to Holland & Barrett Retail Limited

Highly Secure Income – Pre-Tax Profits £113m

Re-based rent

Trading from this property since 1999

Attractive Lot Size

6.0% net initial yield

For full details please visit our website or view PDF brochure below

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

Rugby is a market town in Warwickshire and second largest town in England. Rugby is located between Coventry, Leicester and Northampton at the crossroads of the motorway network where the M1, M6, M69, A5 and A14 join making it a first class location for distribution.

The town is connected to the national railway network with a fastest journey time to London Euston of approximately 47 minutes.

It has been announced that online retailer Amazon is to open a fulfilment warehouse in Rugby creating 400 jobs. The company has several existing operations in the Midlands already.

Rugby was ranked 20th in the best places to live in the United Kingdom in Halifax’s annual Quality of Life Survey 2017 ahead of towns including Harrogate, Chelmsford, Chichester and Kensington & Chelsea in London. The survey takes account of residents’ health and life expectancy, wellbeing, earnings, employment, crime rates and weather.

The property is situated on the High Street in the heart of the pedestrianised town centre in close proximity to Market Place. Nearby occupiers include Costa Coffee, Monsoon, The Edinburgh Woollen Mill, McDonald’s and Pizza Express.

The property comprises a retail unit arranged over ground and first floor. Internally, the retail floor area is predominately open plan with ancillary areas and has been fitted out by the tenant to their usual corporate style.

The first floor provides ancillary accommodation.

The property has been measured by bkr Floor Plans and provides the following Net Internal floor areas:

Gross Frontage 7.54 metres 24’9”
Net Frontage 7.01 metres 23’0”

Zone A 41.99 sq m 452 sq ft
Zone B 37.25 sq m 401 sq ft
itza 653
First Floor 75.99 sq m 818 sq ft
Total 155.24 sq m 1,671sq ft
A set of floor plans is available to download and the measured survey report can be re-addressed to a purchaser.


The property is let to Holland & Barrett Retail Limited, on a full repairing and insuring lease for a term of 10 years from 9th May 2011, expiring on 8th May 2021. The current passing rent is £30,000 per annum. Based on our analysis the passing rent equates to £46.00 Zone A.

In accordance with a Deed dated 26th October 2015 the rent was reduced from £36,000 per annum and the tenant’s break option dated 9th May 2016 removed from the lease.

The tenant has been trading from this property since 1999.

Holland & Barrett Retail Limited (Co. No. 02758955) has reported the following figures:

30th September 2016 30th September 2015
Turnover £444,127,000 £414,662,000
Pre-Tax Profits £112,823,000 £128,151,000
Shareholders’ Funds £252,227,000 £320,487,000

Britain’s largest health and wellness retail operator, Holland & Barrett was acquired by L1 Retail in a £1.8 billion transaction in June 2017. The company is headquartered in Warwickshire and employs approximately 7,000 people across its headquarters and its retail portfolio of over 1,000 retail shops.

Value Added Tax
The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (togc).

We are instructed to seek a figure of £475,000 (Four Hundred and Seventy-Five Thousand Pounds), subject to contract, reflecting a net initial yield of 6.0%, assuming purchasers’ costs of 4.59%.

Investment Considerations
An opportunity to acquire a freehold town centre retail investment;

The property occupies a prominent retailing pitch;

Let to the highly secure covenant of Holland & Barrett Retail Limited (Shareholders’ Funds £252,227 million);

The rent has been re-based;

Holland & Barrett has been trading from this property since 1999;

Attractive lot size to an investor;

A purchase at the asking price reflects an attractive net initial yield.

Property info

Nearby transport

  • Rugby (0.8 miles)
  • Long Buckby (9.2 miles)
  • Coventry (10.8 miles)
  • Coventry Airport (9.2 miles)
  • Birmingham International Airport (21.2 miles)
  • East Midlands Airport (31.9 miles)
  • Sharpness Old Docks (68.5 miles)
  • Lydney Harbour (69.9 miles)
  • Kew Pier (74.0 miles)

Nearby schools

View all schools in Rugby
  • St Marie's Catholic Primary School and Nursery (0.4 miles)
  • Oakfield Primary Academy (0.4 miles)
  • Northlands Primary School (0.5 miles)
  • Wigston College (15.8 miles)
  • Brooke House College (16.2 miles)
  • Beauchamp College (17.0 miles)
  • Rugby School (0.1 miles)
  • Lawrence Sheriff School (0.3 miles)
  • Harris Church of England Academy (0.7 miles)
Note: Distance is shown as a straight line measurement

Local info for Rugby

About the neighbours in CV21

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Singer Vielle, W1G on +44 20 8128 4245 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Singer Vielle, and do not constitute property particulars. Please contact Singer Vielle for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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