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59 Upper Shirley Road,
Croydon CR0 5HE

Offers in excess of £1,150,000

Freehold development opportunity with planning permission for 7 apartments

Planning permission to construct 7 units measuring 468m2 / 5,036ft2

Proposal provides 7 parking spaces

Plot measuring 729m2 (0.07 hectares)

Located in Upper Shirley, Croydon

Freehold

Offers in excess of £1,150,000

Description

The existing site is currently occupied by a four-bedroom two-storey house. The site now benefits from planning permission for the demolition of the existing property and the construction of a two-storey block of 7 apartments with accommodation on roof level and lower ground floor.

Location

The property is located in Shirley within the Borough of Croydon. Croydon Town Centre is nearby, which is home to the large Whitgift and Centrale Shopping Centres. Local shops can be found on the Wickham Road and a wider array of boutique shops, supermarkets and restaurants are available in West Wickham.

Croydon is undergoing significant regeneration as part of Croydon Vision 2020 with a new £1.4 billion Westfield Shopping Centre providing 7,000 new jobs and 1,000 new homes. The plans aim to promote Croydon as a hub of living, retaining culture and business in South London and the South East of England.

The property is in the catchment area for several good schools including Trinity Boys School, Coloma Girls Convent School, Shirley High School and Croydon College.

Transport

The site is located 2.5 miles from East Croydon Railway Station and 2.7 miles from Norwood Junction Train Station. Croydon South Overground station is also close by with fast trains taking 20 minutes to London Bridge and 30 minutes to London Victoria. By car, the M25 is 20 minutes drive south from the property and Brighton is also an hour away by train or car.

The property has a PTAL rating of 2 and is well served by public transport.

Planning Permission

Full planning permission was granted on the 8th December 2017 under application 17/03889/FUL for the demolition of existing building and erection of two-storey building with part-basement and accommodation in roof space comprising of 1 one-bedroom, 5 two-bedroom and 1 three-bedroom flats extending to circa 5,036ft2. The proposal will also provide 7 car parking spaces, 14 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 £56,000.

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

Unit Beds Amenity ft2 Amenity m2 (NSA) ft2 (NSA) m2
Unit 1
Beds 1b
Amenity ft2 97
Amenity m2 9
(NSA) ft2 558
(NSA) m2 50
Unit 2
Beds 2b
Amenity ft2 161
Amenity m2 15
(NSA) ft2 797
(NSA) m2 74
Unit 3
Beds 2b
Amenity ft2 118
Amenity m2 11
(NSA) ft2 753
(NSA) m2 70
Unit 4
Beds 2b
Amenity ft2 75
Amenity m2 7
(NSA) ft2 710
(NSA) m266
Unit 5
Beds 2b
Amenity ft2 118
Amenity m2 11
(NSA) ft2 667
(NSA) m2 62
Unit 6
Beds 2b
Amenity ft2 75
Amenity m2 7
(NSA) ft2 667
(NSA) m2 62
Unit 7
Beds 3b
Amenity ft2 161
Amenity m2 15
(NSA) ft2 904
(NSA) m2 84
Unit
Beds Total
Amenity ft2 805
Amenity m2 75
(NSA) ft2 5,036
(NSA) m2 468

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.