56 Brigstock Rd, London, CR7

THE DEVELOPMENT

0.51 acre (0.207 hectares) site comprising existing commercial and open storage

A planning application has been submittedfor 58 residential units (50% affordable)

The proposed development will provide Ground Floor commercial units totalling 149 Sq.M. (1,606 Sq.Ft.)

Proposed Unit Mix is:

• 22 x 1 bed

• 24 x 2 bed

• 12 x 3 bed

• 2 x commercial

The site is located to the north of Thornton Heath Station immediately to the west of the platforms and is accessed from Brigstock Road itself, which is shared with the adjacent Iceland site.

Thornton Heath train station is immediately to the East whilst on a slightly raised level are the residential properties on Melfort Road. The site is therefore in the heart of Thornton Heath with easy access to the shops and the facilities on the High Street.

The total site area comprises 0.207 hectares(0.51 acres). It is flat and rectangular in shape, currently used as a scaffold yard with a smallindustrial shed and open storage.

LOCATION

The site is situated on Brigstock Road and is accessed by way of service road providing access to the Iceland Superstore and existing yard. to the north and is within close proximity to London Road (A235)

SURROUNDING AREA

The surrounding area is formed of predominately terraced Victorian housing. The property is located within Thornton Heath Town Centrewhich affords a range of local retail provisioncentred on High Street and the North East end of Brigstock Road.

Croydon Town Centre is located approximately 1.2 miles South with its full range of established major shopping facilities; soon to include theWestfield and Hammerson redevelopment ofthe Whitgift Shopping Centre.

Thornton Heath Train Station, adjacent to the site, provides frequent trains to London Bridge (35 minutes), London Victoria (23 minutes), East Croydon and surrounding South London areas. In addition West Croydon Station is approximately1.1 miles south of the site offering further directservices to London Bridge and London Victoria.

Extensive bus services serving the surrounding areas can be found within easy walking distance also.

PLANNING

A planning application has been submitted comprising 4 blocks, 1 sited at the northern end of the site perpendicular to the railway line and the other 3 along the railway line coming south.

The site entrance will continue to be shared with Iceland in addition to two commercialunits at ground floor level the5, 7, 8 and 9 storey blocks increasing in height to the south respectively will provide for 58 residential units. These will be 22 x 1 bedroom units, 24 x 2 bedroom units and 12 x 3 bedroom units. The commercial units will comprise 150 sq m gross internal area and there will be 10 parking bays in total with cycle parking for 100 bikes.

Positive pre-application advice was received from the Council on 5 October 2018 which can be provided upon request.

Planning application 18/05856/ ful

METHOD OF SALE

We are inviting offers for the freehold subject to planning for the proposed scheme and subject to vacantpossession on an informal tender basis in writing and to include the following information:

• Identity of proposed purchaser

• Provide financial evidence of your ability to complete the purchase and track record

• Timescales for exchange of contracts and completion of sale

• State the name of your solicitor

• Any conditions or surveys that are required

• Purchase price

RATES

We have been verbally informed by the local authority that the premises have a rateable value of £38,000

LEGAL COSTS

Each party to bear their own in this transaction.

EPC

An EPC will not need to be provided upon the grant of planning consent.

VAT

The site is not elected for VAT.