Consented Development Site in South London

Penge Road, South Norwood SE25

£1,000,000

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Description

Opportunity to purchase a consented freehold development site in South Norwood, within the London Borough of Croydon.

The land is 0.07 acres in size and is currently being used as a car wash. In September 2020, planning under 19/05290/FUL was granted for the erection of a 3/4-storey building comprising of 1 x 3-bed, 6 x 2-bed and 2 x 1-bed flats with private amenity space, communal space, refuse and cycle storage. The planning consent is subject to CIL and S106 obligations.

The vendors are seeking unconditional offers only. Vacant possession will be provided, and viewings can be arranged upon request.

Location

1-3 Penge Road, South Norwood SE25 4EJ

The property is located on Penge Road within the London Borough of Croydon. Norwood Junction Overground Station is just 0.4 miles from the property providing regular services into Central London with journey times of just 18 minutes to London Bridge and 35 minutes to Shoreditch High Street.

The A205 runs on the northern part of the site, which connects Battersea to Woolwich. The A232 sits on the southern part of the property, which offers a direct commute into Epsom & Kent. Central London is a 42-minute commute via A215.

Planning History

19/05290/FUL | Erection of a 3/4-storey building comprising of 1 x 3-bed, 6 x 2-bed and 2 x 1-bed flats (9 in total) with private amenity spaces, communal space, refuse and cycle storage – Approved

For more information, please contact:

Nathan King
Senior Development Consultant
nathan@cityandcounties.com
020 8106 8666

Latif Acisu
Land Consultant
latif@cityandcounties.com
020 8106 8666

Accommodation

UNIT / FLOOR BEDROOMS SIZE (NIA M SQ)
1 / Ground 2 83
2 / Ground 2 71
3 / First 2 71
4 / First 1 51
5 / First 2 70
6 / First 2 71
7 / Second 1 51
8 / Second 2 70
9 / Third 3 99
TOTAL 638

Plans