Boots Opticians, Rugby


11-12 Market Place, Rugby, Warwickshire, CV2

Offers in excess of
Type - Commercial
Tenant type - Medical
  • Tenure: Freehold
  • Gross Rent: £32,000
  • Lease Term: 5 years from Aug '15
  • VAT applicable?: N
  • Attractive property
  • Town centre location

Property Description

  • Freehold, attractive, blue-chip, town-centre medical investment
  • The property, constructed in the Victorian era in 1893, is a 3 storey building with a Georgian render and contains a double fronted shopfront with a central entrance door at ground floor level.
  • It measures ca. 2,000 sq ft altogether – 650 sq. ft. on ground
  • The property is a Grade II Listed Building within the Rugby Town Centre Conservation Area.
  • The premises provide ground floor sales, first floor consulting rooms, staff room and toilets and second floor kitchen and storage.
  • There is also an unused basement and attic.

Location Description

  • Rugby is an attractive market town located on the north eastern edge of Warwickshire, close to the borders with Northamptonshire and Leicestershire.
  • It is the second largest town in the County and is situated approximately 12 miles east of Coventry and 20 miles north-west of Northampton.
  • The town has a strong road network with the A426 and A428 providing access to the M1, M6 and M45 Motorways and the National Motorway Network thereafter.
  • Rugby’s main line train line provides regular direct services to London Euston and Birmingham. The town is a popular tourist location and is home to Rugby School.
  • The subject premises are situated in a prime position in the pedestrianised Market Place close to its junction with Sheep Street, High Street and Chapel Street. Nearby occupiers provide a mix of national and independent traders and include McDonalds, Top Shop, Monsoon, WH Smith, The Body Shop, Thomson Travel and Costa Coffee.
  • There is a regular Open Market held 3 days a week and a Farmers Market held one day a week in Market Place.
  • Also in close proximity is the Swan Centre, a newly developed pedestrianised shopping area between ASDA and the Clock Towers Shopping Centre, which has recently been granted consent to extend and the proposed extension may include a cinema and additional retail and restaurants.

Additional Notes

  • We understand that there is a small area of flying freehold. A small part of the upper floors over-sails about a metre of next door ground floor.
  • The entire premises are leased to Boots Opticians Professional Services Ltd (Co Reg 06779221) by way of a 5 year effective FRI lease from 4/8/2015 at a passing rent of £32,000 per annum exclusive
  • The lease has recently been renewed, and we understand that the premises have been used as an Optician’s for over 20 years.
  • The premises have been operated via a franchisee and we understand that the premises provide both optical and hearing services.
  • The premises have been underlet to the franchisee, Rugby Eye Care Ltd (Co Reg 6451747) on coterminous terms.


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