This is an exceptional opportunity to acquire a residential development site with full planning approval for constructing a 2-storey apartment block comprising 8 flats, alongside the renovation of an existing building that currently houses 4 flats. Spanning approximately 0.26 acres, this freehold property is conveniently located just a stone's throw from Rugby Town Centre, offering easy access to local amenities and transport links. The area boasts a mix of independent shops, restaurants, and leisure facilities, making it an attractive option for future tenants or buyers.
Positioned on Railway Terrace, this early 1900s end-of-terrace property has begun its transformation with initial works already underway for the residential conversion. The planned new builds will feature 1-bedroom apartments of at least 39 sq.m each, complete with garden space.
With its strategic location close to major motorway networks and mainline train services to London Euston within 50 minutes, this site presents significant investment potential for developers looking to capitalize on the growing demand for rental properties in the region. Buyers should familiarize themselves with the planning conditions attached to this opportunity as part of their due diligence.
