Freehold Storage Building For Sale With Development Potential

Junction Road, South Croydon CR2

£550,000

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Description

Opportunity to purchase freehold warehouse building with development potential in the sought-after location in the London Borough of Croydon.

The entire site measures 0.07 acres in size and currently consists of a two-storey storage building. The site is currently on a 10-year lease which commenced in January 2015. The tenants use the site as storage and are paying £20,000 per annum. The leaseholders have expressed they are ready to relocate, so the site will be provided with vacant possession.

The current owners were refused planning for a 9 unit scheme in 2015, so we encourage parties to conduct their own research on the feasibility of the site.

Offers are encouraged on an unconditional purchase basis in excess of £550,000.

Location

19A Junction Road, Croydon CR2 6RA

The property is located in South Croydon just off Selsdon Road which plays host to a parade of shops and local amenities. It is only a 15 minutes bus journey to Croydon Shopping Centre which includes the Whitgift Centre and Centrale Shopping Centre.

The site is only 0.3 miles from South Croydon station which has a travel time of 35 minutes to London Bridge and Victoria stations. The location is perfect for families, commuters and first-time buyers as it plays hosts to restaurants, shops & amenities.

Planning History

Refused Planning in 2015 - 15/04697/P | Demolition of existing buildings; erection of 3 storey building comprising 6 two-bedroom and 3 one-bedroom flats | 19A Junction Road, South Croydon CR2 6RA.

 

Accommodation

UNIT SIZE (SQM) SIZE (SQFT)
Ground Floor 237 2,551
First Floor 47 506
TOTAL 284 3,057

Plans