Richmond Road, Atherstone

£385,000
Available from Nuneaton
39 Church Street
Nuneaton
Warwickshire
CV11 4AD

Description

  • Land - development

The property comprises an existing freehold commercial site now with detailed planning consent for the demolition of the existing workshop premises and the development of an attractive courtyard scheme of six spacious town houses with associated parking. In addition, the property includes an existing terraced house alongside (No. 47 Richmond Road) which is currently used as the works offices (and could be used as a site office for the proposed development) prior to its refurbishment for sale as part of this exciting project. The individual town houses are all of a good size with good en suite provision providing excellent buy to let potential. The scheme also provides for a single parking space and single visitor parking space per unit with similar provision for the retained house (47 Richmond Road) providing for fourteen car parking spaces in total.

Key Facts

Existing Commercial Site With Planning Town Houses Provide Excellent Buy To Let Terraced House Adjoining Also Included Located close to Atherstone Town Centre Immediate Vacant Possession Available

In more detail

LOCATION
The subject property is located in an area of predominantly residential development on the southern outskirts of Atherstone which adjoins the A5 Trunk Road. The property occupies an end cul-de-sac position at the eastern end of Richmond Road, which is easily accessed off Coleshill Road and has an extensive frontage to the Coventry Canal.

PLANNING
On 03/0½012 the North Warwickshire Borough Council granted planning consent for the demolition of the existing factory premises on this site and the erection of six dwellings with associated parking and landscaping (Reference: PAP/2009/0126). On the 12/1½014 approval was given in respect of all reserved matters relating to the original consent (Reference: PAP/2014/0432). On the 11/1½016 Building Regulations confirmed a material start on the approved scheme. All planning conditions have now been discharged with the exception of Environmental albeit certain investigations in respect of environmental matters have now been undertaken. A signed Planning Agreement in this case provides for an open space contribution of £364 to be paid per dwelling providing for a total contribution of £2,184 to be made in respect of the development.

LOCAL AUTHORITY
TBC

SERVICES
TBC

TERMS
The property is available freehold with vacant possession on completion.

LEGAL COSTS
TBC

VAT
TBC

CONTACT
To arrange a viewing:
Loveitts 024 7622 8111 (Option 2) commercial@loveitts.co.uk

As the sellers agent we are not surveyors or conveyancing experts and as such we cannot and do not comment on the condition of the property or issues relating to title or other legal issues that may affect this property, unless we have been made aware of such matters. Interested parties should employ their own professionals to make such enquiries before making any transactional decisions.

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