Development
properties
Rear of 140-142 Pampisford Road,
Purley CR8 2NH
Offers in excess of £1,150,000
Freehold development opportunity with planning permission for 7 apartments
Planning permission to construct 7 units measuring 449m2 / 4,833ft2
Proposal provides 11 parking spaces
Cleared plot measuring 1067m2
Located in South Croydon
Freehold
Offers in excess of £1,150,000
Description
The existing 1067m2 site comprises two large detached dwellings with large rear gardens creating the space for a new build development. The site now benefits from planning permission for the construction of a single 2-storey with accommodation on the roof level block, containing 7 residential units, with associated parking spaces, cycle storage and refuse store.
Location
The property is located in Purley, within the Borough of Croydon. Purley High Street provides an array of bars, restaurants, high street retailers and independent stores. Locals are also spoilt for choice with the open spaces of Purley Beeches, Kenley Common and Farthing Downs.
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 property is in the catchment area for several good schools including Christ Church CofE Primary School and Harris Academy.
Transport
The site is situated under a mile away from Purley and Purley Oaks stations, with trains to both London Bridge and Gatwick Airport taking under 30 minutes.
By car, the M25 is 20 minutes drive south from the site and Brighton is also an hour away by train or car.
Planning Permission
Full planning permission was granted on the 25th January 2018 under the planning reference 17/05463/FUL for the construction of a two storey building with accommodation in the roof space comprising of 1 one- bedroom, 5 two-bedroom and 1 three-bedroom flats extending to circa 449sqm/4,833sqft. The proposal will also provide 11 car parking spaces, cycle spaces and refuse stores.
Viewings
Please contact sole agents Highfield Investments for viewing arrangements.
Financial Information
The property is liable for a Mayoral CIL and Croydon CIL of approximately £79,000
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
We are inviting offers in excess of £1,150,000 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.