FOR SALE – 4.2 ACRES FOR RESIDENTIAL DEVELOPMENT Market Quarter, Craven Road / Railway Terrace, Rugby, CV21 3HX
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 train station. • 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 2018 at 12.00pm.
For more information, please contact:
Eleanor Deeley Partner, Residential +44 (0)121 710 5754 +44 (0)7931 474 531
[email protected] Vicky Bromley Surveyor, Residential +44 (0)121 697 7208 +44 (0)7972 148 030
[email protected]
• Offers invited for the freehold interest. • Further details available on request.
Cushman and Wakefield No.1 Colmore Square Birmingham B4 6AJ T: +44 (0)121 200 2050 www.cushmanwakefield.co.uk
FOR SALE – 4.2 ACRES FOR RESIDENTIAL DEVELOPMENT Market Quarter, Craven Road / Railway Terrace, Rugby, CV21 3HX
LOCATION / SITUATION
It is noted that a total of 93 affordable houses, apartments and extra care units have already been The site is well located between Craven Road to the constructed on the wider site. south, Railway Terrace to the west and Gavel Drive to the east, sited approximately 150m south of Rugby Rugby Borough planning authority are of the view that up railway station and 0.5 miles north of Rugby town centre. to 140 market dwellings could be provided on the site without the provision of additional affordable dwellings. Rugby railway station has a journey time to London Euston station of approximately 50 minutes, with trains Any additional planning enquiries on the site can be running every 30 minutes. directed to Chris Kingham (01788 533629) at Rugby Borough Council. Rugby is located approximately 12 miles east of Coventry, 14 miles north east of Leamington-Spa and 22 TENURE miles north west of Northampton. The site is c. 2.5 miles The site is held freehold. south from Junction 1 of the M6 motorway, c. 5.5 miles west from Junction 18 of the M1 motorway, and c. 5.2 TENANCIES miles north of the M45 motorway, providing access to the None. wider motorway network. RATEABLE VALUES DESCRIPTION None. The brownfield site, part of the former Rugby cattle market, has a gross developable area of approximately TECHNICAL & LEGAL PACK 4.2 acres (1.69 ha.) as shown in the site plan and Further information including a technical pack is available proposed development plan. on request. 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.
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 The site is vacant and offered with vacant possession, elected for VAT. with all former buildings having been demolished. OFFERS PLANNING Unconditional and conditional offers are invited for the There is an extensive planning history for this site dating freehold interest in the site. back to 2003. At this time the planning policy team allocated the site for redevelopment and worked with a VIEWING ARRANGEMENTS number of partners to produce a Development The site can be viewed in part from the adjacent roads, Framework. This was based on extensive design work albeit is surrounded by hoarding. Access can be and established key design parameters and features. A arranged through Cushman and Wakefield. 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].
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
Employment
Open Grassed Area
Proposed residential development (bordered in red) – site plan produced 17/11/2011 [application ref: R11/1510]
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.
