A unique development opportunity to acquire a residential development site with full planning approval for the erection of a 2-storey apartment block (8 flats) and renovation of an existing building (4 flats), in a sought-after location, close to Rugby Town Centre.
Extends to 0.26 acres
Freehold with Vacant Possession.

Introduction - A unique development opportunity to acquire a residential development site with full planning approval for the erection of a 2-storey apartment block (8 flats) and renovation of an existing building (4 flats), in a sought-after location, close to Rugby Town Centre.

Location - Railway Terrace is a highly sought after location situated in the central-north part of Rugby, within close proximity to the Town Centre and Railway Station (both within 400m). Local amenities are available within walking distance and include a range of independent grocers, and hot food takeaways. Rugby town offers a broader range of high street shops, independent retailers, restaurants, bars, and leisure facilities.

The property is also very well positioned for the commuter, with easy access to the M1/M6 and M45 motorway networks. It is also a short drive from Rugby train station which operates mainline services to London Euston in less than 50 minutes.

Description - 150 Railway Terrace is an early 1900’s 2-storey end-of-terrace property with direct road-frontage to Railway Terrace.

Accessed via a private access-way on the north-side of the end-of-terrace property, the land to the rear of 150 Railway Terrace, which benefits from planning for 8 x 1 bed flats, was previously used as a taxi rank. As per the approved planning, each flat will be a minimum size of 39 sq.m, with garden space to the rear.

The site itself extends to approximately 0.26 acres in all, can be accessed directly from Railway Terrace and is surrounded by residential properties.

Planning - The full planning permissions can be viewed on the Rugby Borough Council Planning Portal with the reference numbers R22/1217 & R25/0421. There are a number of conditions attached to the planning permissions and it is the responsibility of the purchaser to ensure they are familiar with these conditions.

Work has commenced on site, with the residential conversion having been started.

Services - Purchasers should note that it is their specific responsibility to make their own enquiries to the appropriate authorities as to the location, adequacy and availability of mains water, electricity, gas and drainage services. The cost of providing such services to the site will be at the purchasers own expense.

Method Of Sale - The land will be available for sale by private treaty

Rights Of Way/Encumbrances - We have assumed that full rights of access are enjoyed and that no third parties enjoy any rights over the property. It is assumed that the property is not subject to any onerous or unusual covenants. Your solicitors should confirm that there are no onerous restrictions or obligations as part of the due diligence process.

Tenure - The site is offered for sale freehold with vacant possession.

Plan, Area And Description - The plan, area and description are believed to be correct in every way, but no claim will be entertained by the vendor or the agents in respect of any error, omissions or misdescriptions. The plan is for identification purposes only.

Legal Costs - Each party to bear their own legal costs incurred in documenting the transaction.

Anti Money Laundering Regulations - To enable us to comply with Money Laundering Regulations we need to verify the buyer’s identity before proceeding with a sale. We charge a small administration fee for conducting an electronic AML verification check via our online provider, MoveButler.

Viewings - Viewings strictly by prior appointment with sole agents Howkins & Harrison LLP. Please contact Alex Brown on: alex. or .