£1,100,000
Est. Mortgage £5,017 per month*
Studio flat for sale
Croydon, Surrey
studio Flat Property description
The 0.2-acre site is currently occupied by a detached building of approximately 4,000sqft, with rear parking. Most recently, the property was used as a day centre for the elderly.
The site benefits from full planning permission for a new-build, four-storey development comprising a 137 sqm ground floor commercial unit (proposed as a dental practice) and nine residential flats above.
In addition, the existing building has separate planning consent for conversion into six flats across the ground and first floors. Given the precedent set by the four-storey planning approval, there may be potential to extend the existing building upwards to accommodate up to nine private flats, subject to planning permission.
This opportunity offers a range of potential uses and development strategies. The approved scheme could be built out as consented or potentially reconfigured - for example, by reducing the overall size of the building.
This opportunity offers a range of potential uses and development options. The approved scheme could be built out as consented or potentially reconfigured to reduce the size of the building and therefore build costs. The existing property could be converted and extended for residential. Or the current building could be used and possibly extended for commercial use such as a day nursery, dental or medical clinic, office space, or similar,
all subject to the necessarily planning consents.
The site benefits from full planning permission for a new-build, four-storey development comprising a 137 sqm ground floor commercial unit (proposed as a dental practice) and nine residential flats above.
In addition, the existing building has separate planning consent for conversion into six flats across the ground and first floors. Given the precedent set by the four-storey planning approval, there may be potential to extend the existing building upwards to accommodate up to nine private flats, subject to planning permission.
This opportunity offers a range of potential uses and development strategies. The approved scheme could be built out as consented or potentially reconfigured - for example, by reducing the overall size of the building.
This opportunity offers a range of potential uses and development options. The approved scheme could be built out as consented or potentially reconfigured to reduce the size of the building and therefore build costs. The existing property could be converted and extended for residential. Or the current building could be used and possibly extended for commercial use such as a day nursery, dental or medical clinic, office space, or similar,
all subject to the necessarily planning consents.
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First listed
Last weekCroydon, Surrey
Marketed by
Acorn Commercial & Development - Bromley 9 St Marks Road Bromley, Kent BR2 9HGCall agent on 020 3641 1340
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Monthly repayment
£5,017
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Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Croydon, Surrey - Streetview
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