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.
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.
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.
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