Penge Road, South Norwood SE25 4EJ
Offers in the region of £1,000,000
The existing property comprises a vehicle car wash and yard which extends to approximately 0.07 acres.
Access to the site is taken directly from Penge Road.
The property is situated on Penge Road, a predominately residential road in South Norwood, within the London Borough of Croydon.
Norwood Junction Overground Station is located 0.5 miles from the property providing frequent services into Central London with journey times including London Bridge in 12 minutes and Whitechapel in 30 minutes.
The property benefits from planning permission, granted 22nd September 2020, under reference 19/05290/FUL, for the erection of 9 apartments (2 x 1 bedroom, 6 x 2 bedroom and 1 x 3 bedroom units) which will extend to approximately 6,900 sq.ft.
The planning consent is subject to a CIL liability of approximately £89,320.
The consent is subject to a Unilateral Undertaking which obligates for the development to be care free and restricts the future occupiers from applying for a residential parking permit.
The property will be sold freehold with vacant possession on completion.
Offers are invited in the region of £1,000,000 for the freehold interest.
We understand that the property is not elected for VAT.
Further information including approved planning documents can be found in our dataroom using the password ‘Penge’.
Disclaimer - Kingsbury on its own behalf and on behalf of the Owner / Landlord of this property whose agent Kingsbury is, gives notice that this document does not constitute any form of contract for sale or lease. Statements should not be relied upon, and interested parties are advised to satisfy themselves as to the correctness of each statement. Kingsbury is the trading name of Kingsbury Investment & Development Consultants Ltd registered in England No: 06869268.
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- Car wash and yard situated on a 0.07 acre site
- Planning permission for the construction of 9 flats (2 x 1 bedroom, 6 x 2 bedroom and 1 x 3 bedroom units) totalling approximately 6,900 sq.ft.
- Short walking distance from Norwood Junction Station
- Offers are invited in the region of £1,000,000 for the freehold interest
To discuss this opportunity further, please contact Jordan Oldfield or Chris Incledon on 020 7183 2529