Prime development site near Rugby town centre sold
An 0.76 acre site close to Rugby town centre ripe for development has been sold to a consortium of local investors for £818,000, said commercial property group Bromwich Hardy.
Caine Gilchrist, acting on behalf of a private client, sold the site at 11-21 Boughton road, the firm said.
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"This is a prime development site with a range of potential uses, subject to planning," he said.
"It’s a particularly attractive site because of its close proximity to Rugby town centre and has high traffic flow with around 100m of road frontage. It’s close to Elliot Fields Retail Park and just 600 metres from Rugby Town train station.
"The existing building footprint extends to 4,274 sq ft, so there is significant potential for development."
Amber Ellis Martin at RDP Law in Newport, south Wales, acted for the vendor, and the buyers were advised by Eleanor Rattay at BHW Solicitors in Leicester.
