Development
properties
Unit 1 - 4, 23 Station Road, Penge, London, SE20 7BE
Planning permission has been granted for the demolition of the existing commercial unit and the construction of 7 apartments
Proposed GIA- 451 sqm/4,854 sqft
Amenities closeby including Tesco Express, Crystal Palace Park, and Sydenham Tennis Club
Implemented site following demolition and enabling works
Party wall awards in place
Preliminary tests show no signs of contamination
Construction Issue Drawings 50% complete
Penge East Station is 160m away
Offers in excess of £1,050,000 for the freehold interest
Useful links
Description
The existing site consists of a cleared parcel of land following demolition and enabling works. Planning permission has been granted by Bromley Borough council for the demolition of the existing commercial unit and the construction of a part one/two/three storey building to provide 7 apartments with associated landscaping. Planning conditions have been discharged to allow for the commencement of build.
Location
Penge is located in South East London, England, forming part of the London Borough of Bromley. The immediate surrounding area consists of mainly residential dwellings that back onto Penge East Station. The existing site is well served in terms of local amenities which can be found on the High Street just a short walk away. There are also a number of public open spaces nearby such as Crystal Palace Park and Alexandra Recreation Ground. The local schools include Harris Primary Academy (0.3 miles), James Dixon Primary School (0.9 miles), and Sydenham High School (1 mile)
Transport
The nearest station is Penge East Station which is situated 160m away providing direct access to London Victoria within 17 minutes. The site is also situated a 15 minute walk away from Sydenham Station which provides direct access to Highbury & Islington within 40 minutes on the Overground.
Planning Permission
Planning permission has been granted by the London Borough of Bromley for the demolition of the existing commercial unit and construction of a part one/two/three storey building to provide 7 residential apartments with associated landscaping.
Tenure
Freehold.
Financial Contributions
We have been advised that CIL will be charged at approximately £16,000.
Access
Available upon request.
Additional Information
Please contact a member of the team at Highfield Investments for the further information pack.
VAT
We have been advised that VAT is not applicable.
Terms
Highfield are inviting offers in access of £1,050,000 for the freehold interest.
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.