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£900,000

Land At, Boughton Road, Rugby, Warwickshire, CV21

  • 0 beds
Other
Under offer/SSTC

£900,000

  • 0 beds
Other
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Estimate monthly mortgage payment:

£4,109 per month

Minimum deposit amount:

£45,000
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Description

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.

Situation and Location

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.

EPC Description

The bungalow has an expired EPC rating of F. The garage does not currently have an EPC certificate.

Viewing

Strictly by appointment with the agent Bromwich Hardy.

Legal Costs

Each party is to bear their own legal and surveyors costs incurred in this transaction.

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

Tenure Comments

The available property is held under three seperate land registry titles, WK20102, WK254055 and WK506788.
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Your estimated purchase costs

Find out how much it will cost to purchase this property.

Stamp Duty tax
These figures are estimates and are provided for guidance only
£32,500
Mortgage and legal costs:
£999
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