Fourways, Croydon, CR0

Development opportunity with consent for 7,754 sq ft of residential located less than 10 mins from the Town Centre

The property also has an additional parcel of land with potential to develop STP

Details - LOCATION

The property is located just a few minutes from the Centre of Croydon in a predominantly residential area.

East Croydon Railway Station is less than a mile away and is arguably one of the best transport hubs in London, getting to major destinations such as Gatwick in 15 minutes, Clapham Junction in 9 minutes, Victoria in 15 minutes and London Bridge in 17 minutes.

Tramlink provides a fast, frequent and reliable tram service to routes through central Croydon from Wimbledon, Beckenham, Elmers End and New Addington and this can be found less than half a mile away

With a £5.25bn investment in the Borough over the next five years and a £1.4bn Investment to bring Westfield to Croydon, confidence in the area is only set to grow further along with values. Plans such as the 2020 Croydon vision by the local council, outlining what Croydon will look like in the coming years, further shows public and private support for investment into the area. DESCRIPTION

An existing two storey detached house with Planning permission for 9 large flats NSA totalling 7,148 sqf, only minutes walk from Croydon town centre.

Additional neighbouring land on separate title (no affordable triggered) subsequently added at rear providing potential for additional further units STP, estimated 2-3 units. Potential to split Flat I (1,022 sqf) into 2 units making 10 flats.

PLANNING:

Permission was granted by Croydon Council (Ref: 17/00484/FUL) for demolition of existing dwelling and the erection of a two / three storey building with accommodation in the roof space comprising 1 one bedroom, 7 two bedroom and 1 three bedroom flat: provision of access drive and associated parking.

Further information is available in our data room

VIEWING:

Alternatively email / TERMS

CIL: £84,000

GDV Estimated £3,700,000 + any additional units created on the land

Guide Price £1,500,000 Freehold + Fees