Development
properties
116 - 118 Selsdon Road South Croydon CR2 6PG
Offers in excess of £875,000
Development opportunity for sale with prior approval for 8 apartments
Existing double fronted, two-storey office building
Permitted development rights to construct 8 apartments measuring 261.6m2 / 2,816ft2
Enhanced scheme now approved to increase NSA to 281.8m2 / 3,033ft2
Help to Buy pre-approved
Located in South Croydon
Freehold
Offers in excess of £975,000
Description
The existing site currently comprises a two-storey building previously used as offices which is now vacant. Prior approval was granted under the application number 18/00030/GPDO on the 20th February 2018, for the conversion of the existing building (Use class B1c) into eight one-bedroom apartments via permitted development rights.
Location
The property is situated in South Croydon. Selsdon Road leads directly into Croydon Town Centre (1.3 miles). 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 nearby Boxpark Croydon opened in 2016, which is an exciting pop-up mall. This will eventually be demolished to make way for the Ruskin Square development, which will include 1,250,000ft2 of office space, 625 residential units and 100,000ft2 of leisure facilities, in addition to a new train station.
Transport
The property is within 0.3 miles of South Croydon Station with fast trains taking 25 minutes to London Bridge Station and 20 minutes to London Victoria. Bus routes; 166 – 405 – 468 – 60 and N68 serve the area well making this location ideal for commuters or people working locally. By car, the M25 is approximately 8 miles south of the property towards Caterham. The A23 heading North provides routes to Thornton Heath, Streatham and Brixton.
Planning Permission
Prior approval was granted under the application number 18/00030/GPDO on 20th February 2018, for the conversion of the existing building (Use class B1c) into eight one- bedroom apartments via permitted developments rights.
A minor amendment for an improved layout was approved under the application number 18/01760/NMA.
An application has also been approved on 9th August 2018 for loft dormers to the second floor to increase the size of flat 8 under the planning reference 18/02628/FUL. An extension on the 1st floor to increase the size of flat 5 has recently been granted under the planning reference 18/02627/FUL, increasing the total NSA to approximately 3,033ft2.
Viewings
Please contact sole agents Highfield Investments for viewing arrangements.
Additional information
Planning documents, floor plans and other related documents can be provided in the form of a further information pack.
Financial Information
We understand the property is not liable for a S106, CIL or Mayoral CIL contribution.
VAT
We understand VAT is not applicable.
Tenure
Freehold.
Terms
Highfield invite offers in excess of £875,000 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.