Opportunity to purchase a consented freehold development site in the heart of Crystal Palace. The property currently consists of an artist’s workshop and yard with a secondary workshop to the rear which is currently let on an AST with a 3 month notice period. 71 Church Road currently consists of a ground floor commercial unit and 2 x flats, both of which are both let out on AST’s with 3 month notice periods also.
Planning was approved in October 2016 for the erection of a 3 storey building comprising 3 x 1 bedroom, 2 x 2 bedroom and 2 x 3 bedroom flats. There is also prior approval to convert the workshop to the rear into 2 x 2 bedroom flats and a pending planning application to convert this same workshop into 2 x 2 bedroom house.
There is currently a pending planning application for the conversion of the rear workshop into 2 x 2 bedroom houses. If this application is approved there will be an uplift of £150,000 on the original £1,250,000 asking price.
69 – 71 Church Road, London SE19 2TA
Situated on Church Road the property is located 0.5 miles from Crystal Palace Station which has a travel time of 30 minutes to London Bridge. Church Road is situated in the heart of Crystal Palace and plays host to a number of local bars, restaurants, shops and the Everyman Cinema. Crystal Palace Park is located 0.5 miles away providing an attractive prospect for young families.
16/01297/FULL1 | The demolition of the existing retail and rear residential units, and the building of a new taller infill structure reinstating the existing shop and rear residential unit, whilst introducing a new part 4, part 3, storey residential block incorporating 7 x self-contained flats, accommodating 2 x 3 bedroom, 2 x 1 bedroom and 3 x 2 bedroom flats.
17/05426/B8RES | Change of use of existing workshop from light industrial (Class B1(c)) to dwelling house (Class C3) to provide 2 x 2 bedroom flats.
19/02493/FULL1 | Demolition of the existing workshop and the erection of 2 x 2 bedroom self-contained dwelling houses.
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