Development site with planning for apartments up for over £2m

A freehold development site in Rugby town centre, with planning permission for 122 apartments, is available for £2.2m.

The 1.48-acre site has full planning permission for 122 apartments spread over three, four, and five storeys, alongside 73 car parking spaces.

Watling Real Estate is handling the sale.

The approved plans include 57 one-bedroom and 65 two-bedroom apartments, arranged in a single L-shaped building with a frontage on Newbold Road and Wood Street.

Toby O’Sullivan of Watling’s Birmingham office said: “The site is well located being less than a mile from Rugby town centre and a short walk from Junction One Shopping Park, Rugby Railway Station, and various local schools. The site is situated within an established and popular residential area with increasing demand from first time buyers and young professionals.”