1 – 3 Duppas Hill Terrace, Croydon CR0 4BA

£3,000,000

Dataroom

Virtual Tour

Brochure

Overview

Freehold development opportunity with planning pending for a new build scheme of 32 apartments

  • Read More

    The Opportunity
    A freehold development site with planning pending for a new build apartment scheme of 32 units comprising
    2 x studio, 18 x one bedroom, 4 x two bedroom & 8 x three bedroom.

    The Location
    The property is located just a few minutes from the Centre of Croydon in a predominantly residential area.

    East Croydon Railway Station is less than a mile away and is arguably one of the best transport hubs in London, getting to major destinations such as Gatwick in 15 minutes, Clapham Junction in 9 minutes, Victoria in 15 minutes and London Bridge in 17 minutes.

    Tramlink provides a fast, frequent and reliable tram service to routes through central Croydon from Wimbledon, Beckenham, Elmers End and New Addington and this can be found less than half a mile away

    The Site
    The site is occupied by two detached houses and is held under the same SPV

    Site area is approximately 0.340 acres

    Title numbers SY47414 / SGL85339 / SGL800488

    The Planning
    Following pre application meetings a detailed application has been submitted to Croydon Borough Council and a decisions is expected soon

    22/02370/FUL | Demolition of existing buildings and redevelopment to provide a part 5, part 3 storey building accommodating 32 residential units, with associated amenity space, bike and refuse storage, vehicular access and car parking

    The CIL & S106
    CIL: Approximately £369,000

    Affordable Housing: 15% of the units are expected to be affordable

    The Terms
    The site is owned within an SPV which can be purchased

    Offers are invited subject to the grant of planning which is imminent

    Guide Price £3,000,000 Freehold

    The Viewings
    The site is visible from the roadside but houses are currently tenanted and access is strictly by appointment only

    Contact Sole Agents
    Christopher St James 020 8545 0591

MAP

Arrange A Viewing

Looking for funding

×

Create an account to save properties

Your files have downloaded successfully into the My Downloads folder.

Currently using 36% of your storage space.