5 bed block of flats for sale

Boughton Road, Rugby, Warwickshire CV21

Property Ref: 17491

freehold block of four let flats — £43,020 annual rent

Boughton Road, Rugby Offers over £450,000

A freehold residential investment comprising four self-contained flats, offered together with the freehold in a single sale. All four flats are currently let, generating total annual rental income of £43,020, equivalent to £3,585 per calendar month.
The property


Converted from a detached property, with full planning permission and approvals, the accommodation comprises three one-bedroom flats and one two-bedroom flat. The modern interiors include fitted kitchens, contemporary bathrooms and separate living accommodation within each flat.

The property benefits from five currently allocated off-street parking spaces, with parking provision for up to six cars under the approved plans, together with a communal rear garden.
The property is served by electricity only, with no gas supply.

Ownership of the whole block provides control of the building and its shared areas, making this an opportunity for an established portfolio landlord or private investor seeking an income-producing residential asset.
At A glance


• Four self-contained flats: Three one-bedroom and one two-bedroom refurbished to high standards
• All four flats currently let
• Current annual rental income of £43,020
• Modern kitchens and bathrooms
• Five allocated parking spaces; approved plans provide for up to six cars
• Communal rear garden
• Electricity only, with no gas supply
• Entire block and freehold included in the sale
• Sold subject to the existing tenancies
Location and connections


Boughton Road is conveniently located for Rugby railway station, local shops and everyday amenities including Tesco superstore. Rugby station provides rail connections to London Euston and Birmingham, while the surrounding road network offers access to the M6, M1, A5 and A14.
Shopping and leisure facilities include Elliott's Field Shopping Park and Rugby town centre. The wider Rugby and Daventry area also accommodates established logistics and distribution employment centres, including Daventry International Rail Freight Terminal (dirft).
These connections provide practical access to employment, shopping and regional transport for residents.
Rental income and tenure


The current annual rent is £43,020 across the four flats. All are professional tenants.The property is offered as one freehold investment, subject to the existing tenancies.
Viewings

Viewings by prior appointment only.

Property Type: Block of Apartments
Full selling price: £450000.00
Pricing Options: Offers in excess of
Tenure: Freehold
Council tax band: A
EPC rating: D
Measurement: 1313.197 sq.ft.
Outside Space: Communal Garden
Parking: Allocated, Off street
Heating Type: Electric Heating
Chain Sale or Chain Free: Na
Possession of the property: Na
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For viewing arrangement, please get in touch with 99home.

If calling, please quote reference: 17491

gdpr Applying for the above property means you are giving us permission to pass your details to the vendor or landlord for further communication related to viewing arrangement or more property-related information.
*Virtual viewings: Some or all information pertaining to this property may have been provided solely by the vendor/landlord, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you choose to make an offer based solely on a virtual viewing, then 99Home Ltd does not accept any liability for errors in the information provided, including but not limited to, measurements, photography and video content.

Aml: To comply with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, , who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £20 per buyer, payable direct to AMLTeam . Please note, we are unable to issue a memorandum of sale until the checks are complete.
Referral fees We may suggest reputable providers of supplementary services, such as Conveyancing, Financial Services, Insurance, and Surveying. If you choose to utilize their services based on our recommendation, we may receive a commission payment or another form of benefit, referred to as a referral fee. It's important to note that you are not obligated to engage with the services of the recommended provider.

*Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering any household goods, carpets or any built-in furniture.
*General: While we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact 99home and we will be pleased to check the detailing for you, especially if you are contemplating traveling some distance to view the property.
*99home is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

Fraud warning We have had reports of fraudulent activities in our industry. Do not make any payment directly to the landlord or the seller. Be cautious of emails or messages asking you to transfer funds to any account, please contact us by telephone immediately to verify the authenticity of the communication and under no circumstances action the request. If you paid any deposit or rent to 99home, we will release the fund to the landlord once you have moved in. Your safety is our top priority.