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Vacant Building with Planning for 72 Flats, a D1 Community Unit & an A3 Retail Unit, Croydon, Greater London

For sale: £6,000,000.00|Industrial, Offices, Retail, Mixed use, Other Property Types & Opportunities

Property details

FOR SALE£6,000,000.00
ADDRESSPraise House, 145-151 London Road, Croydon, Surrey, CR0 2RG
TYPEIndustrial, Offices, Retail, Mixed use, Other Property Types & Opportunities
TENUREFor Sale Freehold
POSTED ON6th November 2023

Description

- Freehold Substantial Development Opportunity in London with Vacant Possession
- 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 were formerly 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, formerly 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 is located at the junction of Montague Road and London Road (A213), a primary route into Croydon from the north.
- The site benefits from close proximity to a wide range of local shops, services and restaurants along London Road, with retail amenity including a Lidl supermarket and Sainsbury’s Local.
- A more extensive offering can be found in Croydon Town Centre, located approximately 700m to the south east along the pedestrianised high street.
- The site has excellent transport connections as demonstrated by its PTAL rating of 6b. West Croydon station is located 350m to the south of the site along London Road, providing regular direct services to London Bridge (18 minutes) and London Victoria via Clapham Junction (32 minutes).
- A number of bus routes operate along London Road providing wider connectivity to both Brixton and Streatham.
- The property falls within the jurisdiction of the London Borough of Croydon and is not listed nor lies within a Conservation Area.
- 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.’

Location

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Location: Praise House, 145-151 London Road, Croydon, Surrey, CR0 2RG

Morden (4.3 miles)

Colliers Wood (4.3 miles)

Tooting Broadway (4.5 miles)

West Croydon (0.2 miles)

Waddon (0.5 miles)

East Croydon (0.5 miles)

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