5 bed Block of Apartments in Boughton Road Rugby, Rugby, CV21 1BH £450,000

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 ----------------------------------------------------------------------------------------------------