219 Farley Road, South Croydon CR2 7NQ
We are inviting offers in excess of £1,000,000 for the freehold interest
Freehold Development Opportunity
Planning permission has now been granted for the erection of 9 flat scheme
(3 x 1 bedroom, 5 x 2 bedroom & 1 x 3-bedroom flats + private amenity space)
Site measuring approximately 13,500ft2
12 communal cycle spaces
GIA – 735/41m2 excluding internal amenity
5 parking spaces
Offers in excess of £1,000,000 for the freehold interest
The site is currently occupied by a 2-bedroom 1.5 storey detached residential dwelling set within a characterful street scene. The site now benefits from planning permission for the erection of a 9 flat scheme including (3 1 x bedroom, 5 x 2 bedroom & 1 x 3-bedroom flats and private amenity space).
The property is situated in South Croydon. Farley Road leads directly into Croydon Town Centre (1.3 miles). Croydon is undergoing significant regeneration with a new £1.4 billion Westfield and Hammerson shopping, leisure and housing development, providing a new shopping mall, 7,000 new jobs and 1,000 new homes. The nearby Boxpark Croydon opened in 2016, which is an exciting pop-up mall. This will eventually be demolished to make way for the Ruskin Square development, which will include 1,250,000ft2 of office space, 625 residential units and 100,000ft2 of leisure facilities, in addition to a new train station.
The property is within 0.3 miles of South Croydon Station with fast trains taking 25 minutes to London Bridge Station and 20 minutes to London Victoria. Bus routes: 166–405– 468–60 and N68 serve the area well making this location ideal for commuters or people working locally. By car the M25 is approximately 8 miles south of the property towards Caterham. The A23 heading North provides routes to Thornton Heath, Streatham and Brixton.
Planning permission has now been granted under reference; 20/01953/FUL for the erection of 9 residential units with associated car park and garden areas, at a site that currently consist of a workshop building workshop and gravel land for the remaining areas.
The site can initially be viewed from the roadside.
Planning and other related documents will be sent in the form of an information pack that can be requested from a member of the Highfield team.
We have been advised that VAT is not applicable.
The property is liable for a CIL charge payment of approximately £100,000 and an s.106 financial contribution of £13,500.
We are inviting offers in excess of £1,000,000
Please note the information provided by Highfield Investments London Limited, trading as Highfield Investments has been given in good faith, however all parties must undertake their own due diligence to satisfy themselves in regards to accuracy.