for sale 4.2 acres for residential development
TRANSCRIPT
FOR SALE – 4.2 ACRES FOR RESIDENTIAL
DEVELOPMENT
Market Quarter, Craven Road / Railway Terrace, Rugby, CV21 3HX
For more information, please contact:
Eleanor Deeley
Partner, Residential
+44 (0)121 710 5754
+44 (0)7931 474 531
Vicky Bromley
Surveyor, Residential
+44 (0)121 697 7208
+44 (0)7972 148 030
Cushman and Wakefield
No.1 Colmore Square
Birmingham B4 6AJ
T: +44 (0)121 200 2050
www.cushmanwakefield.co.uk
Opportunity to acquire land of c. 4.2 acres with
potential for residential development
Property Highlights
• Residential development site close to Rugby town centre and Rugby trainstation.
• Previous planning consent for 90 units on part of the site.
• Gross developable area of approximately 4.2 acres (1.69 ha.)
• For sale by way of informal tender with a bid deadline of 18th June 2018at 12.00pm.
• Offers invited for the freehold interest.
• Further details available on request.
FOR SALE – 4.2 ACRES FOR RESIDENTIAL
DEVELOPMENT
Market Quarter, Craven Road / Railway Terrace, Rugby, CV21 3HX
LOCATION / SITUATION
The site is well located between Craven Road to the
south, Railway Terrace to the west and Gavel Drive to
the east, sited approximately 150m south of Rugby
railway station and 0.5 miles north of Rugby town centre.
Rugby railway station has a journey time to London
Euston station of approximately 50 minutes, with trains
running every 30 minutes.
Rugby is located approximately 12 miles east of
Coventry, 14 miles north east of Leamington-Spa and 22
miles north west of Northampton. The site is c. 2.5 miles
south from Junction 1 of the M6 motorway, c. 5.5 miles
west from Junction 18 of the M1 motorway, and c. 5.2
miles north of the M45 motorway, providing access to the
wider motorway network.
DESCRIPTION
The brownfield site, part of the former Rugby cattle
market, has a gross developable area of approximately
4.2 acres (1.69 ha.) as shown in the site plan and
proposed development plan.
The site is bound to the north by a bus depot and car
park, and beyond this by Rugby railway station. It is
bound to the east and south by residential terraced
housing and to the west by the Market Quarter Medical
Practice and Drovers House, an assisted living
residence.
The site is vacant and offered with vacant possession,
with all former buildings having been demolished.
PLANNING
There is an extensive planning history for this site dating
back to 2003. At this time the planning policy team
allocated the site for redevelopment and worked with a
number of partners to produce a Development
Framework. This was based on extensive design work
and established key design parameters and features. A
number of planning applications have subsequently been
approved and implemented at the site.
There is an expired planning permission that includes
part of the subject site. This consent was for the
development of 90 residential apartments (C3 planning
use), as shown in the attached site plan [ref: R11/1510].
The remainder of the site to the west was originally
granted outline planning permission on 01/09/2009 as
part public open space and part employment site of
B1(a), (b) and (c) planning use with a maximum floor
area of 3,842 GEA [ref: R09/0331/MAJP].
It is noted that a total of 93 affordable houses,
apartments and extra care units have already been
constructed on the wider site.
Rugby Borough planning authority are of the view that up
to 140 market dwellings could be provided on the site
without the provision of additional affordable dwellings.
Any additional planning enquiries on the site can be
directed to Chris Kingham (01788 533629) at Rugby
Borough Council.
TENURE
The site is held freehold.
TENANCIES
None.
RATEABLE VALUES
None.
TECHNICAL & LEGAL PACK
Further information including a technical pack is available
on request.
TENDER DATE & SALES PROCESS
The sales process will be by way of informal tender with
a bid deadline of 18th June 2018 at 12.00pm.
VAT
We have not been informed as to whether the property is
elected for VAT.
OFFERS
Unconditional and conditional offers are invited for the
freehold interest in the site.
VIEWING ARRANGEMENTS
The site can be viewed in part from the adjacent roads,
albeit is surrounded by hoarding. Access can be
arranged through Cushman and Wakefield.
FOR SALE – 4.2 ACRES FOR RESIDENTIAL
DEVELOPMENT
Market Quarter, Craven Road / Railway Terrace, Rugby, CV21 3HX
Site Boundary
FOR SALE – 4.2 ACRES FOR RESIDENTIAL
DEVELOPMENT
Market Quarter, Craven Road / Railway Terrace, Rugby, CV21 3HX
Particulars prepared April 2018
Important Notice
DTZ Debenham Tie Leung Limited ("C&W") gives notice to anyone who may read these particulars as follows:
1. These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair overall description of the property only and do not constitute any part of an offer or contract.
2. Any information contained in these particulars (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact or that the property is in
good condition or otherwise nor that any services or facilities are in good working order.
3. The photographs appearing in these particulars show only certain parts and aspects of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were
taken and it should not be assumed that the property remains precisely as displayed in the photographs. Furthermore no assumptions should be made in respect of parts of the property which are not shown in the
photographs. Any areas, measurements or distances referred to herein are approximate only.
4. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary
planning, building regulations or other consents have been obtained and these matters must be verified by any intending purchaser.
5. No person in the employment of C&W has any authority to make or give any representation or warranty whatsoever in relation to this property.
6. This property is offered subject to contract and unless otherwise stated all rents are quoted exclusive of VAT.
7. Unless otherwise stated, no investigations have been made by or on behalf of C&W regarding pollution, or potential land, air or water contamination. Interested parties are advised to carry out their own
investigations as required.
Proposed residential development (bordered in red) – site plan produced 17/11/2011 [application ref: R11/1510]
Employment
Open Grassed Area