Development
properties
21a Green Lane, Purley,
Croydon CR8 3PP
Offers in excess of £1,525,000
Freehold development opportunity with planning permission for 8 apartments
Planning permission to construct 8 luxury
apartments measuring 557m2 / 5,996ft2
Proposal provides 8 parking spaces
Site area measuring circa 1,032m2 / 11,108ft2
One of Purleys most sought after locations
Freehold
Offers in excess of £1,525,000
Description
The existing plot extends to 1,032m2 and currently comprises a single residential dwelling. The site now benefits from planning permission for the demolition of existing single family dwelling and the construction of a two-storey block with accommodation on the roof level containing 8 flats (1 x one bedroom flats, 6 x two bedroom flats and 1 x three bedroom flats). The site also offers 8 associated parking spaces.
Location
The property is located in popular residential road in Purley within the Borough of Croydon. Green Lane lies parallel to Foxley lane approximately 1 mile from Purley’s bustling high street providing a good range of amenities including convenience stores, banks, coffee shops and restaurants. Local leisure facilities include the Woodcote Golf Course and Purley Sports Club.
Croydon is undergoing significant regeneration as part of Croydon Vision 2020 with a new £1.4 billion Westfield Shopping Centre providing 7,000 new jobs and 1,000 new homes. The plans aim to promote Croydon as a hub of living, retaining culture and business in South London and the South East of England.
The property is in the catchment area for several good schools including Wilsons, Wallington Boys, Wallington Girls, John Fisher, Thomas More, Whitgift, St David’s, Cumnor House and Woodcote.
Transport
The property is well served by public transport with Purley Railway Station approximately 2 kilometres (1.3 miles) from the property which provides direct services to London Bridge and London Victoria in under 25 minutes. The M25/23 interchange at Hooley is approximately 5 miles away.
Planning Permission
Full planning permission was granted on the 8th February 2018 under application reference 17/05863/FUL for the demolition of existing building and erection of two storey building with accommodation in roof space comprising of one one-bedroom, 6 two-bedroom and 1 three-bedroom apartments extending to circa 5,996ft2. The proposal will also provide 8 car parking spaces, 16 cycle spaces and refuse stores.
Viewings
The property can be adequately viewed from the public highway in the first instance.
Financial Information
The property is liable for a Mayoral CIL and Croydon CIL of approximately £57,660.
VAT
We understand that VAT is not applicable.
Tenure
Freehold.
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.
Terms
Highfield invite offers in excess of £1,525,000 subject to contract.
Schedule
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.