FORMER RUGBY HIGH STREET STORE AMONG LOTS UP FOR GRABS AT LOVEITTS AUCTION

FORMER RUGBY HIGH STREET STORE AMONG LOTS UP FOR GRABS AT LOVEITTS AUCTION

 

Two unique properties are set to go under the hammer later this month at the bi-monthly auction hosted by one of Warwickshire’s most established auctioneers.

Loveitts, which has offices in Coventry, Nuneaton and Leamington Spa, is hosting its second auction of the calendar year, with this month’s auction set to feature a total of 25 lots.

Among the wide variety of lots available for auction is a 3-bedroom mid-terrace residential property situated in a sought-after residential area in the market town Rugby, Warwickshire on Victoria Avenue.

Containing 3-bedrooms, bathroom and kitchen facilities with a garden and garage to the rear, the mid-terraced property requires some improvement throughout but is considered as an ideal investment opportunity for budding investors or first time buyers.

The 3-bedroom home comes with a reasonable guide price of £115,000 to £125,000.

The second property up for grabs provides an exciting opportunity for investors.  A prime freehold retail unit situated in the heart of Rugby Town centre, in the pedestrian area of Market Place and surrounded by retail units, cafes and various eateries.

Formally the location of high street store Monsoon, the 3,596 sq ft commercial property comprises of three floors and includes service lift access to the first floor, rear access and has a guide price in excess of £400,000.

This month’s Loveitts auction will take place at the Village Urban Resort Hotel, Coventry on Thursday 21st March at 6:30pm 

Director and Auctioneer at Loveitts Estate Agent commented: “Both properties are going to prove popular at this month’s auction and we’re expecting a great of interest from both home-owners and commercial investors.

“The former Monsoon retail store offers property hunters an exclusive opportunity to purchase a unique spacious property that is situated in an ideal location at the heart of Rugby and is already generating a buzz from prospective commercial buyers.

“We believe the 3-bed mid-terraced house will also be a popular lot on the night as it’s a perfect investment opportunity for a potential investor or a first-time buyer looking to move into their first home.”

Last month, Loveitts ha a record attendance with more than 400 potential buyers in the room.

Formed in 1843 and last year celebrating its 175th anniversary, Loveitts is the region’s largest independent multi-disciplinary practice of estate agents, chartered surveyors, valuers offering a range of services from residential sales and lettings to commercial property, block management and new homes.