Freehold Development Opportunity in South London

Selsdon Park Road, South Croydon CR2

£2,000,000

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Description

An opportunity to purchase two properties with significant development potential in a highly accessible location.

The site measures 0.51 acres and includes 54 and 56 Selsdon Park Road. 56 Selsdon Park is a 3-bedroom residential bungalow which measures approximately 129sqm in size.  Located directly behind 56 Selsdon Park Road is 54 Selsdon Park Road. This two-storey residential property measures approximately 297sqm in total. This property has its own private access to the main road which runs via the right-hand side of 56 Selsdon Park Road.

The London Borough of Croydon local plan has identified this area (Forestdale Neighbourhood) as part of its Intensification and Revitalisation Zone. The local polices states “areas with established infrastructure but relatively low density and the potential to accommodate a significant increase in residential development”.  Therefore, we would consider a residential-led redevelopment scheme or a change of use to be feasible subject to planning permission.

Unconditional offers in the excess of £2,000,000.

Location

54-56 Selsdon Park Road South Croydon CR2 8JD

The property is located in South Croydon sitting between Selsdon and Addington. They’re plenty of amenities nearby including Addington Road High street which plays host to a parade of shops and supermarkets.  Croydon Shopping Centre is 12 minutes’ drive which is accessible via A1212. This is one of the largest shopping centres in London which accounted for 12 million annual footfall. In addition, Bromley’s renowned shopping centre, The Glade which has over 130 retail stores and is only 20 minute commute from the site.

The A232 runs to the North of the site, which offers excellent access to M25 into Kent and London. The A23 runs on the western side of the site which directly connects to the M23 making Brighton a one-hour commute.

Heathrow Airport is a 55 minute journey via M25, While Gatwick Airport is only 33 minutes away via M23.

Sanderstead station is only an 8 minute drive away and can provide trains to London Victoria within 23 minutes making the location popular with commuters. Gravel Hill Tram stop is only a 2 minute drive which stops at East Croydon Station. This station offers excellent connectivity to London Bridge, Milton Keynes and Brighton.  

Planning History

54 Selsdon Park Road benefits from a positive planning history for commercial users. In December 2019, 54 Selsdon Park Road was granted full planning consent for a change of use from a Children's Home (C2 use class) to a Day Care Nursery (D1 use class) for up to 46 Children (18/04998/FUL). The recent application creates an opportunity for various uses such as a Medical, Day Nursery Centre, Retirement Home or any similar commercial businesses alike, subject to planning permission.

Accommodation

Accommodation Size (SQM) Size (SQFT)
54 Selsdon Park Road 297 3197
56 Selsdon Park Road 129 1389

Plans