Boughton Road, Rugby, Warwickshire, CV21 1BH
For Sale: £900,000 for the Freehold
0.75 Acres (0.3 Hectares)
Commercial Development For Sale
Prime development site with a range of potential uses subject to planning
Close proximity to Rugby Town Centre
High traffic flow with c100m of road frontage
4,274 sq ft/ 397 sq m of existing building footprints
Close to Elliot Fields Retail Park
600m from Rugby Town train station
High density residential area with c1,000 households within 500m
The available package of land in total measures 0.75 acres and is currently held under multiple land registry titles, all in the ownership of the vendor. The most northern section contains a three-bedroom bungalow with a separate garage and surrounding land, the bungalow has not been inhabited for some time and is in a poor state of disrepair. The next section south is slightly lower in ground level, but very overgrown with vegetation currently and largely inaccessible. There is then part of the site that is currently occupied as a garage and car wash, the licensee is currently occupying under a licence with two-month termination clauses for the licensee and licensor, the rateable value of this part of the property is £9,600. The final section of land that abuts Waterside Drive, is currently unregistered land, however, the property was purchased by the vendor's family some time back, but the paperwork has been lost and they are currently going through the process of registering their interest in the property having had it fenced, secured and maintained for in excess of 10 years.
The package of land occupies the corner of Boughton Road and Waterside Drive to the north of Rugby Town Centre. The site is situated prominently with a consistent traffic flow. Rugby College is in close proximity to the south, as is the town centre train station, giving mainline access to both Birmingham and London. The Elliot Fields Retail Park is also in close proximity, containing a Tesco superstore, as well as numerous retail, leisure and drive-thru options. To the south of the site is the River Avon, but the site is not listed as in a flooding zone. The surrounding area is high-density residential with around 1,000 households within a 500m radius. The local planning authority is Rugby Borough.