This cleared site extends to approximately 0.21 hectares (0.52 acres) and is currently occupied by National Car Parks (NCP) on flexible terms. The site is broadly level and rectangular in shape.
Location
Croydon is the largest town in south London.
The town centre remains a popular economic hub for businesses and is becoming one of the main commercial districts outside of central London.
Croydon benefits from exceptionally strong transport links and a flexible local workforce.
There have been a number of residential development schemes built in recent years. These include Ten Degrees, College Road Tower, Aspect Croydon, London Square and The Fold which is located less than 100m from the subject site.
This highlights the demand for modern high quality residential accommodation popular with young professionals, key workers and students of London South Bank University's Croydon Campus.
The site itself is situated on Edridge Road to the south west of town centre close A232, one main routes into central Croydon. sits between Community Health Centre and Leon House, an office building converted residential.
Accommodation
Size - approximately 0.21 hectares (0.52 acres)
Terms
Planning - Planning permission was granted on 25th July 2022 under18/06069/FUL for:
“The erection of a part 33 storey, part 11 storey and part single storeybuilding providing 230 residential units (Use Class C3); ancillary residents'gym; communal roof terraces and amenity spaces; new vehicular access;car parking; cycle parking; waste storage, and associated works. (Note:the amendments include the reduction in height to 33 storeys, changes tothe facade details including materials, minor internal changes and theintroduction of a 8 metre wind mitigation screen to the first floor terracelocated on the western side of the building)”
The consented scheme will see two co-joined towers linked by a shared ground floor with two separate entrances.
The 11 storey building will provide 43 self-contained affordable apartments.
The 33 storey building will provide 184 open market apartments and 3 shared ownership apartments.
The proposed scheme incorporates various green spaces, a play area on first floor and a shared play/garden area on the 11th floor. The penthouses will also have the benefit of a roof terrace with views across Croydon and the London skyline.
Guide Price - Offers invited.
Tenure - The property is held freehold under title number SGL573075.
Tenancies - The property is currently occupied by National Car Parks (NPC). They occupy the site on a management agreement which has now expired. Negotiations are underway for a new short-term licence to occupy.
Legal Costs - Each party is responsible for their own legal costs incurred throughout the transaction.
Specification
- Planning permission granted in July 2022 for a part 33 storey part 11 storey development providing 230 residential units, residents gym, communal roof terraces and amenity spaces.
- The proposed development comprises 100x 1 bedroom apartments, 78x 2 bedroom apartments, 52x 3 bedroom apartments.
- 43 units are to be allocated for affordable housing within the 11 storey block.
- Currently occupied by NCP as a temporary car park producing an income of £67,200pa.
- The site is within walking distance of both West and East Croydon stations with frequent mainline services into central London, London Gatwick Airport and the south coast.
- 0.53 acre site (0.21 ha).