Newbold Rd - Industrial LAND FOR SALE


Rugby, WAR CV21 2NZ 64,469 SF
$2,200,000 USD
795-801-9732
Newbold Rd, Rugby, WAR for Sale
$2,200,000 USD
Industrial LAND - FOR SALE
1/8
64,469 SF

Newbold Rd
Rugby, WAR CV21 2NZ


HIGHLIGHTS

  • Prominent freehold residential development opportunity.
  • Full planning permission for development of 122 apartments with car parking.
  • Located less than 1 mile from Rugby Town Centre.
  • Less than 15 minute walk from Rugby Railway Station and Junction One Shopping Park.
  • In close proximity to various Ofsted rated 'Outstanding' and 'Good' Primary and Secondary Schools.
  • Excellent public transportation links and connectivity.

OVERVIEW

Offers in the order of £2.2m invited for the freehold interest. The development of a part-3, part-4 and part-5 storey building comprising 98 apartments and the provision of 61 car parking spaces with associated communal services and landscaping. A s73 application was approved in 2020 (R19/0902) to amend the approved plans in respect of the consent. An extension of the approved 2018 scheme from 98 apartments to 122 apartments including the provision of 73 car parking spaces was granted in 2020 (R19/1496). Planning permission was granted for: “The extension of the approved scheme at 117 Newbold Road, Rugby from 98 apartments to 122 apartments including the provision of 73 parking spaces, secure cycle and refuse storage and new planting and landscaping”. Additional basement storage was added in 2023 (R23/0357), and later that year Condition 12 pertaining to the Construction Management Plan in respect of R19/1496 was discharged. There are various additional planning conditions which will need to be discharged. The planning consent is subject to a s106 agreement, which requires an indexed payment of a Sustainable Travel Packs Contribution of £7,350 to be paid to the Council prior to the commencement of development, and a TRO Contribution and TRO Extension Contribution of £3,000 each payable prior to the commencement of development and prior to first occupation respectively. We understand there is no requirement for affordable housing and no CIL is chargeable on the proposed scheme.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/ACRE

$1,486,482/AC

PRICE/SF

$34 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Land at

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Industrial

LAND PROPOSED USE

Multi-Family

LAND ACRES

1.48 AC

LAND SF

64,469 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Toby O’SullivanWatling Real EstateMore Info
795-801-9732

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Toby O’SullivanWatling Real EstateMore Info
795-801-9732

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.