Tavistock Road, Croydon CR9 2ED
Offers in excess of £1,000,000
The existing property comprises a surface level car park which was formerly used by the neighbouring residential block known as Tavistock Court. The site extends to approximately 0.15 acres and is bounded by residential dwellings.
The flats in the existing block, which is to be retained by the Seller, do not have any rights to use the former car park.
Vehicular and pedestrian access to the site is taken from Newgate.
The site is located to the rear of Tavistock Court within Croydon.
The immediate surroundings comprise predominantly residential, with a number of shop and amenities available on Lower Addiscombe Road.
The nearest station is West Croydon (0.5 miles) which provides direct national rail links into London Bridge in 18 minutes.
East Croydon station is also located nearby (1 mile) which provides direct access to London Victoria in 17 minutes.
Planning & Development Potential
Planning permission has been granted in January 2021 (ref: 20/02630/FUL) for the erection 6 x 3 bedroom dwelling houses with associated amenity space and landscaping.
The proposed scheme will create 6,258 sq.ft. of residential floorspace and all units will be for private sale.
We understand there is a S106 contribution of £1,500 and the development will be car free. There is a CIL liability of £115,969.32.
Now that the principle of residential redevelopment has been established, there is potential to amend the unit type to flats or increase the density of units subject to obtaining the necessary consents.
The property will be sold freehold and subject to vacant possession upon completion.
The property is not elected for VAT.
Offers are invited in excess of £1,000,000 for the freehold interest.
Further information including planning documents are available in the dataroom using access code ‘Tavistock’.
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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- Surface level car park for up to 18 vehicles, situated on a 0.15 acre site
- Planning permission for the construction of 6 x 3 bedroom houses, extending to approximately 6,258 sq.ft. NSA
- All units likely to qualify for help to buy
- Sought-after residential location in close proximity to both West Croydon and East Croydon stations
- Offers are invited in excess of £1,000,000 for the freehold interest
To discuss this opportunity further, please contact Paul Heale or Chris Incledon on 020 7183 2529