This freehold site comprises a disused warehouse sitting on a plot measuring approximately 6323 sqft/587 sqm in size.
16 Derby Road is an existing two to three storey warehouse building located behind the main retail frontage of London Road and the residential frontage of Derby Road.
The building is accessed via a 28m lane from Derby Road with up to four cars.
In addition to the site’s redevelopment potential, alternative uses for the existing building include place of worship, light industrial, MOT garage, training centre, community (subject to relevant consents).
Location
The proposed development is situated in the highly sought-after Derby Road area of Croydon, a very short distance to Croydon town centre (0.2 miles), Whitgift shopping centre (0.2 miles) Wandle Park (0.3 miles) and West Croydon train (0.2 miles), Bus Station (0.1 miles), West Croydon Tram (0.6 miles), Pure Gyn (0.3 miles). and a PTAL Rating: 6b. This location is perfect for young professionals and first-time buyers.
Accommodation
Unit 1 - Ground Floor - 3 Bed - 112.4 sq m (1,209 sq ft)
Unit 2 - Ground Floor - 3 Bed - 99.2 sq m (1,068 sq ft)
Unit 3 - First Floor - 1 Bed - 65.6 sq m (706 sq ft)
Unit 4 - First Floor - 2 Bed - 81.7 sq m (879 sq ft)
Unit 5 - Second Floor - 1 Bed - 65.6 sq m (706 sq ft)
Unit 6 - Second Floor - 2 Bed - 81.7 sq m (879 sq ft)
Unit 7 - Third Floor - 2 Be3d - 81.4 sq m (876 sq ft)
Total - 587.6 sq m (6,323 sq ft)
Excludes roof terrace measuring 40.8 sq m
Terms
Proposal - The vendor will consider offers in the region of £750,000.
VAT - The site is not elected for VAT.
Planning - On 15 January 2021, planning was approved by Croydon Borough Council for the demolition of the existing warehouse building and erection of a building comprising 7 flats with improved access, provision of associated refuse storage and cycle storage. Private amenity space has been allocated for each flat. A communal garden on the third-floor roof terrace measuring 40.8sqm and surrounded by 1.5m high opaque glazed screens is accessible to all residents. In total, there will be approximately 155sqm of amenity space including roof terrace, private balcony, and enclosed gardens.
Specification
- Freehold
- Excellent transport and amenities nearby
- The site benefits from planning (Ref: 19/04490/FUL) for the demolition of the existing building and erection of 7 apartments
- Offers in the region of £750,000