Burton-based commercial property agents Rushton Hickman and their joint agent Gareth Holland & Co. have sold the former Atherstone Hunt kennels in Witherely, near to Atherstone in Leicestershire, on behalf of the Thorpe Estate.
The site became vacant in October 2019 following the Atherstone Hunt announcing they would cease hunting activities after nearly 200 years.
Outline planning consent was granted in January 2022 for redevelopment of the site’s existing historic buildings into a complex of six two-bedroom homes and a trio of three-bedroom properties as well as a new cottage style three-bedroom home.
Following a short marketing period for the sale of the property by method of informal tender with a guide price of £1,200,000, a local housing developer purchased the site with a winning bid of £1,250,000.
Rushton Hickman director Mark Richardson said: “The competition to purchase this site was fierce. Interest in residential schemes is still high as the continued upward trajectory of house prices and Gross Development Values is able to offset this.
“The end product of something as unique as this scheme was also obviously going to fetch a premium. The fantastic result we’ve had for our client in achieving in excess of the guide price is testament to that.”
Graham Bancroft, director of Rushton Hickman, added: “The interest in residential development sites remains strong. We have achieved sales on several land opportunities over recent months and I am pleased to say we have yet more we are still to bring to market.”
