Land adjacent to 56 Canmore Gardens, Streatham, London SW16 5BD
Offers in excess of £1,700,000
Freehold development opportunity with planning permission to construct seven houses - Subject to Planning
Pending application for seven three-storey luxury dwellings
Cleared plot of land measuring circa 0.56 acres
Located in Streatham
5-minute walk from Streatham Common Station
Offers in excess of £1,700,000 STP
The application site occupies a broadly rectangular parcel of land extending to circa 0.56 acres and is associated with Streatham Vale Sports and Social Club. The site is bounded to 56 Canmore Gardens within a cul-de-sac location. Planning permission has been submitted for the construction of a terrace of seven four-bedroom houses measuring 129.2sqm each.
The site is located in the popular Streatham in South West London within the London Borough of Lambeth and borders desirable suburbs like Clapham and Balham. Canmore Gardens is situated within easy reach of Streatham High Road, which offers a wide range of shops, bars and restaurants.
The green open spaces of Streatham Common and Tooting Common are also easily accessible, including the beautiful Rookery Gardens. The Eardley Primary School and Immanuel and St Andrew Church of England Primary school, as well as the Woodmansterne Secondary School are all within 0.5 miles from the property are all rated Outstanding by Ofsted.
Canmore Gardens is situated a short walk from Streatham Vale, a main road linking Streatham with Mitcham and beyond. This road is well served by bus routes connected to the wider London transport network. Streatham Common Station, a 10-minute walk from the site, connects commuters through to London Victoria in Central London in 15 minutes, and south to Brighton.
The application was validated on the 17th January on Lambeth Council’s website and is awaiting a decision under the planning reference 16/07154/FUL. The proposed development is for seven new 4-bedroom family homes that will act as an extension to the existing terrace, with private gardens and allocated car and cycle parking for each unit.
Planning documents and other related documents will be sent in the form of an Information Pack that can be requested from any member of the Highfield team.
We understand that VAT is not applicable.
Please contact sole agents Highfield Investments to arrange access.
The site is liable to a CIL of £76,840 financial contribution.
There is a substation that requires relocation at a cost of approximately £102,967 plus VAT. Additional remedial works to be paid by the incoming purchaser include rendering the clubhouse, replacing windows, replacing and relocating their existing garage with a double garage, the location of which has already been approved, general landscaping and hard surfacing to road and their car park area, all of which will only improve the aesthetics of the whole site.
We are inviting offers in excess of £1,700,000 subject to planning permission.
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.