£8,845,000

Edison PlaceRugby, Warwickshire


    Key features

    • Stabilised freehold portfolio

    Stabilised freehold portfolio comprising part of Phase 2 & Phase 4 of St. Modwen’s Edison Place masterplan which extends to 82 acres.

    About this property

    • 61 apartments let on ASTS arranged over 8 unbroken blocks. Two of the flats are currently held vacant pending refurbishment. 26 flats sold on 250 year leases arranged over 4 unbroken blocks. 88 associated surface car parking spaces (61 car parking spaces remain in full ownership, 1 car parking spaces is for Phase 4 visitors and 26 are in the control of the long leaseholders).

    Local information

    • Situated 1 mile (1.6 km) to Rugby town centre, a desirable market town in Warwickshire, benefitting from immediate access to retail and green space provision.
    • Ideal for commuters, Edison Place is just 500 m from Rugby Station, with access to London in under an hour.

    Additional information

    • Currently generating a total £502,030 per annum comprising:
    • AST income of £498,180 per annum
    • Ground rent income of £3,850 per annum