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791 London Road, CR7 6AW

Land for sale

£1,700,000
£1,700,000
Total price
SOA
Space

Mixed use development opportunity with planning pending for a ground floor retail unit and 17 x apartments above. The site is located approximately 1 mile from Central Croydon and 0.5 miles to Thornton Heath BR Station

Details - LOCATION

Located approximately 0.5 miles to Thornton Heath BR Station and 1 mile to Central Croydon

East Croydon station serves Central London in less than 15 minutes, and there are also links to Brighton and the rest of the UK.DESCRIPTION

An existing retail unit and first floor offices with private members club to the rear.

Plot extends to approximately 451 Sq m.

Planning has been submitted to Croydon Council under ref: 19/01563/FUL for .... Demolition of existing buildings, erection of part three / part four storey building, with flexible A1/A2/D1 Use Class at ground floor frontage, and provision of 17 flats (5 x 1 bedroom, 9 x 2 bedroom, 3 x 3 bedroom) with rear rooftop amenity area at third floor, povision of associated bin storage, and cycle storage.

Proposed Unit Mix = 5 x 1 bed, 9 x 2 bed, 3 x 3 bed. Total - 17 Apartments

Following various discussions / meetings with planners pre submission the client is extremely confident that a positive outcome will be received by 13th August 2019.

Assumed 30% Affordable housing (60% affordable rent & 40% shared ownership).

GDV Estimated at £6m - £6.15m (affordable housing discount and sale of freehold taken into account)

Our client is looking to agree terms on a subject to planning basis

Guide Price £1,700,000 Freehold

Viewings are available by appointment only

Contact Sole Agents

Chris Jones or Matt Pomeroy

CSJ Property

Listed Features

  • Development
  • Storage
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