Auction
The Mitre, 164 Croydon Road, Anerley, London, SE20 7YZ
Mixed Use Development Opportunity sandwiched between Crystal Palace, Penge and South Norwood
Planning permission has been granted for the retention of the public house at lower ground floor and ground floor and conversion and extensions to provide 10 flats above ground floor level
Amenities closeby including Tesco Express, Sainsbury’s and Union Health and Wellness Gym
Direct access to Betts Park and within close proximity to South Norwood Country Park and Crystal Palace Park
Existing GIA- 447sqm/4,811sqft
Proposed GIA- 1,093sqm/11,769sqft
Anerley Overground Station is an 8-minute walk away
Offers in excess of £985,000 for the freehold interest
To be sold in Allsop Auction on 21st September 2023 if not sold prior
Description
On instructions of Hermitage Real Estate, we are launching The Mitre, 164 Croydon Road. The existing site is situated within the London Borough of Bromley and consists of a vacant public house and rear garden with 2 flats on the 1st and 2nd floor. Planning has been granted to extend the existing building and add 2 extra floors to achieve a part new build and part conversion mixed-use development. The development will comprise 10 private residential apartments and commercial space (Sui Generis) at raised ground floor and lower ground floor level.
Location
The existing site is located in Anerley and sits on the corner of Betts Way, leading into Betts Park. Set back from the A213 Croydon Road, the site lies between South Norwood and Penge with a number of green spaces close by including Crystal Palace Park. The site is very well served in terms of local amenities which can which can be found on Croydon Road and Penge High Street. The local schools include St Anthony’s Catholic Primary School (0.3 miles), James Dixon Primary School (0.6 miles) and Harris City Academy (1.3 miles).
Transport
The site is highly accessible and situated an 8-minute walk away from Anerley Overground Station (Zone 4) which provides access to Green Park within 33 minutes and Liverpool Street Station within 35 minutes.
Access
Available upon request.
Financial Contributions
We can confirm that the CIL charge will be £118,920 and is to be paid by the purchaser.
Planning Permission
Reference Number 22/01001/FULL1- Planning permission has been granted by the London Borough of Bromley for the construction of 3rd, 4th and mansard floors above the existing roof with 4 storey extension with basement and roof terraces. Conversion/reconfiguration of the 1st and 2nd floor to provide a total of 10 flats and retention of the public house on ground and basement levels.
Further Information
Please contact a member of the team at Highfield Investments for a further information pack.
Further Scope
Further development potential exists to convert part of the commercial space at the rear into 2 x 2 bedroom duplex apartments, whilst retaining the front public house. There may also be potential to convert both 3- bedroom apartments into 4 x 1 bedroom apartments. Subject to gaining all necessary consents.
VAT
We have been advised that VAT is not applicable.
Tenure
Freehold.
Terms
Highfield are inviting offers in excess of £985,000 for the freehold interest.
To be sold in Allsop Auction on 21st September 2023 if not sold prior.
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.