Sylvan Hill, Crystal Palace SE19 2QF
Offers in the region of £900,000
The existing property comprises a 3-bedroom house set across 2-storeys, occupying a broadly rectangular site extending to approximately 0.08 acres.
The subject property is located on Sylvan Hill, within the London Borough of Croydon.
The immediate area comprises mainly residential uses, with a large residential scheme neighbouring the site comprising a mix of apartments and a care home.
Westow Hill is located approximately 0.6 miles from the site and offers a variety of commercial offerings, including a Sainsbury’s supermarket and numerous restaurants.
Crystal Palace Station is located approximately 0.6 miles from the site and offers direct services to Central London (London Bridge) in approximately 25 minutes.
Outline planning permission has been granted on 9th October 2020 (reference: 20/03326/OUT) for the demolition of existing dwelling and erection of new building comprising 5 residential units (1 x studio, 1 x 1 bed, 2 x 2 bed and 1 x 3 bed) extending to approximately 3,660 sq.ft.
Now that the principle of apartments has been established, there is potential to increase upon the density subject to obtaining planning permission.
The property is currently rented on an AST agreement until July 2021 producing £22,200 per annum.
The property will be sold freehold subject to the existing tenancy remaining in situ.
Offers are invited in the region of £900,000 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 ‘Sylvan’.
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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- 2-storey residential dwelling occupying a broadly rectangular site of circa 0.08 acres
- Outline planning permission granted for a 4-storey building comprising 5 residential units (1 x studio, 1 x 1 bed, 2 x 2 bed and 1 x 3 bed) extending to approximately 3,660 sq.ft.
- Popular residential location approximately 0.6 miles from Crystal Palace Station
- Offers invited in the region of £900,000 for the freehold interest
To discuss this opportunity further, please contact Jordan Oldfield or Chris Incledon on 020 7183 2529