Development
properties

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

Freehold

Offers in excess of £1,000,000 for the freehold interest

Description

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).

Location

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.

Transport

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

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.

Access

The site can initially be viewed from the roadside.

Additional Information

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.

VAT

We have been advised that VAT is not applicable.

Tenure

Freehold

Financial Contributions

The property is liable for a CIL charge payment of approximately £100,000 and an s.106 financial contribution of £13,500.

Terms

We are inviting offers in excess of £1,000,000

Schedule

Unit Beds (sq m) GIA (sq ft)
Unit 1
Beds 3b
(sq m) 82
GIA (sq ft) 883
Unit 2
Beds 1b
(sq m) 50
GIA (sq ft) 538
Unit 3
Beds 2b
(sq m) 68
GIA (sq ft) 732
Unit 4
Beds 2b
(sq m) 75
GIA (sq ft) 807
Unit 5
Beds 2b
(sq m) 75
GIA (sq ft) 807
Unit 6
Beds 2b
(sq m) 66
GIA (sq ft) 710
Unit 7
Beds 2b
(sq m) 68
GIA (sq ft) 732
Unit 8
Beds 1b
(sq m) 39
GIA (sq ft) 420
Unit 9
Beds 1b
(sq m) 44
GIA (sq ft) 474
Unit
Beds
(sq m) 567
GIA (sq ft) 6,103
Unit
Unit GIFA
Beds (Build Area)
Unit
Unit Story
Beds Zone
(sq m) Area (sq m)
Unit GF -
Beds Ground Floor
(sq m) 271.54
Unit 01 -
Beds First Floor
(sq m) 183.71
Unit 02 -
Beds Second Floor
(sq m) 165
Unit 03 -
Beds Third Floor
(sq m) 115
Unit Total GIA
Beds
(sq m) 735.25
Unit
Unit Note: Measured inside face of external wall, includes all circulation cores and risers, plant and bike storage, excludes internal amenity

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.