development opportunity

Iconic town centre development opportunity

Tuesday, 9 July 2019

30 High Street, Rugby has been home to some iconic brands over the decades, with the stories of the High Street giants in its back catalogue! Once home to the 1980s High Street stalwart, Woolworths, the store first opened its doors on Rugby’s main retail area in 1922. It had a major investment refurbishment in 1969 but sadly closed its doors with the rest of the chain’s 807 stores in December 2008. The mammoth retail outlet, which, including the office areas above, spreads across four floors, reopened as the 99p Store, until a Poundland takeover in February 2016. The upper floors of the building are now available for sale as a development opportunity.

Development Opportunity

Howkins & Harrison Commercial team have been awarded the contract to sell the upper floors of the building on behalf of a major public liability property company. The building at 30 High Street in the centre of Rugby will be offered for sale for development into 22 residential units. Planning consent for the redevelopment project of the top three floors of the building will be forthcoming in due course, for the 22 residential units of 1- or 2-bedroom flats.

With residential units for first time buyers in high demand in the town centre, the development of this property is a shrewd investment for a developer, with an active market awaiting the completion of the project.

Nigel Underwood, Commercial Manager at Howkins and Harrison Head Office at Albert Street in Rugby comments: “We have been working with this client for some time driving towards the planning application and preparing the premises for sale, I am delighted that they have entrusted the sale of the development opportunity to us. Selling the upper floors of this iconic town centre building will lead to a landmark development project, turning the disused office space into exciting, central, modern accommodation. The full architect’s drawings for the scheme are available to view. We are looking forward to watching this development take shape.”

The three upper floors of 30 High Street are marketed at offers in excess of £700,000. All offers are considered subject to planning permission.

Further information on the building, the proposed planning consent, to review the architect’s drawings and to arrange a viewing can be gained by calling the Howkins & Harrison commercial team, Nigel Underwood and David Grove on 01788 564678.

Howkins & Harrison have been supporting homeowners, landowners and landlords since 1888. We offer total property, land and estate services to  residential, commercial  and rural  clients.

If you’re looking to buysellletrentauctionextend, finance or develop your home, land or rural business, our experienced team are here to help.

We have 7 High Street offices covering the areas of RugbyNorthamptonLutterworthDaventryAtherstoneAshby de la Zouch, and Towcester. We also have an office in Henley In Arden and a London office, both allowing us to work closely with commuters and investors.

Our experienced team of estate agents, lettings agents, surveyors, planners, valuers and auctioneers will help you achieve your property, land and business ambitions.