145-151 London Road, Croydon, CR0

RESIDENTIAL DEVELOPMENT OPPORTUNITY FOR SALE LOCATED IN WEST CROYDON

The existing property extends to approximately 2,290 sq m (24,649 sq ft) GIA and sits within an L-shaped site extending to approximately 0.6 acres (0.25 hectares). Fronting London Road is a four storey commercial building, built as a garage with offices above which is currently occupied by a motor company at ground floor level, and by a church across the upper floors and basement. To the rear of the site fronting Montague Road are a number of single storey industrial buildings, currently occupied by a hand carwash. The remainder of the front forecourt and rear of the site is hard standing, predominantly used as car parking.

The site benefits from planning permission (Ref: 17/02181/FUL) granted on 3rd October 2018 for the following development:

''Demolition of the existing buildings and the erection of a mixed use development comprising 72 flats of up to 9 storeys in height and a community use (D1) and one retail unit (A3) on the ground floor with associated parking, servicing and landscaping.''

Further information including technical and legal documentation is available at:

https://sites.savills.com/praisehouse

The proposed schedule of accommodation is set out below:

Residential (NIA/NSA)

Private 59 units

4,338 sqm - 46,694 sq ft

Intermediate 5 units

344 sqm - 3,703 sq ft

Affordable Rent 8 units

442 sqm - 4,758 sq ft

Sub Total 72 units

5,124 sqm - 55,154 sq ft

5,908 sqm GIA

63,593 sq ft GIA

Commercial D1 Community 4 (GIA)

402 sqm - 4,327 sq ft

A3 retail unit 1 unit (GIA)

142 sqm - 1,528 sq ft

Sub-total 5 units

544 sqm - 5,856 sq ft

TOTAL (GIA)

7,082 sqm - 76,230 sq ft