A development site in Rugby has been sold for £450,000.
The plot, off Hillmorton Road, has planning permission for the development of houses and has been sold to a private developer.
It is currently home to two industrial units at 1 and 2 Willow Lane and has permission for two four-bedroom detached houses and three three-bedroom townhouses.
James Compton, of Shortland Penn + Moore – the commercial property agents that acted for the vendor in the deal, said: “This is a deal that is very pleasing for both the vendor and the purchaser and highlights the improved confidence in the market.
“The vendor is pleased to have achieved such a strong sale price for the plot while the purchaser is also satisfied that they can add significant value as the market improves.
“We are delighted to have played our part in this deal and to have once again displayed our expertise in this field.”
