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Webb Ellis Place, Woodside Park, Rugby, CV21 2NP

For sale: £1,400,000.00|Business Park, Land, Office, Residential, Offices, Commercial Land

Property details

FOR SALE£1,400,000.00
ADDRESSWebb Ellis Place, Woodside Park, Rugby, CV21 2NP
TYPEBusiness Park, Land, Office, Residential, Offices, Commercial Land
TENUREFor Sale Freehold
POSTED ON10th September 2021

Description

. Key FeaturesRugby Railway Station (300m from the property) offers great rail connections to key cities with the following journey times:- London Euston - 48 mins- Birmingham New St - 35 minsPlanning consent granted for a 44 unit new build residential development and a 15 unit Permitted Development conversion of existing, vacant, office building.No affordable housing required with planning conditions fully signed off by Local Authority.The development will incur Section 106 costs totalling £87,440.Freehold for sale with vacant possession. Available for sale either bywhole (offer invited in excess of£1,750,000) or in separate lots(by separate negotiation).DescriptionFreehold property for sale with vacant possession and 59 unit planning consent for a part conversion / part new build development.Planning consent (ref. R16/0659) for the construction of a 44 unit new build development in addition to the 15 unit PDR conversion (ref. R15/23). Located approximately 300 metres to the West of Rugby railway station. No affordable housing required with planning conditions fully signed off by Local Authority. The development will incur Section 106 costs totalling £87,440, with no Community Infrastructure Levy (CIL) payments. Both new build and PDR elements are available for purchase in individual lots via separate negotiation.The site is 2.33 acres in size, comprising four, three storey brick buildings and hardstanding / parking area. The site has two vehicular and pedestrian access points from Woodside Park. The site comprises four former office buildings, three of which have already been converted to residential apartment blocks and have been sold off. The fourth, Buildings 8, 9 and 10, has consent under Permitted. Development Rights for conversion into 15 self-contained apartments. The new 44 unit new build residential development is located directly to the northeast of this.LocationThe site is located approximately 300 metres to the west of Rugby Railway Station, on the southern side of the railway track and within close proximity to Rugby town centre. Direct trains to London Euston have a fastest journey time of 48 minutes whilst trains to Birmingham New Street take approximately 35 minutes. At peak times there are six trains an hour to London and five trains an hour to Birmingham. Rugby is approximately 11 miles east of Coventry and 28 miles south east of central Birmingham. The site is accessed from Woodside Park which leads off Wood Street and the A426. The A426 is the main north/south road through Rugby and provides access to the M6 and M45 which, in turn, provide access to the M1.PlanningFull planning permission given by Rugby Borough Council for 44 new build residential scheme comprising 2 x studios, 33 x one bedroom flats and 9 x two bedroom flats. (Planning ref. R16/0659) in March 2016. Further consent for Permitted Development Rights of Buildings 8, 9 and 10 for a 15 unit scheme comprising 9 x one bedroom flats, 6 x two flats. (Planning ref. R15/2393) in November 2015. There will be one parking space per flat. There are no pre-commencement conditions so a developer can start building immediately. The development will incur Section 106 costs totalling £87,440. The property is not liable for CIL.TenureFreehold.TermsAvailable via private treaty.VATNot elected for VAT.Legal CostsPurchaser to bear their own legal costs.Bid DateThe vendor at this stage is inviting offers via Private Treaty.

Location

marker
Location: Webb Ellis Place, Woodside Park, Rugby, CV21 2NP

Rugby (0.3 miles)

Long Buckby (9.1 miles)

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