Commercial property for sale in 316 Old Lodge Lane, Croydon, Surrey CR8

Bid Deadline: Friday 29th March 2024 and 12 pm

Description
This site is located to the rear of two semi detached houses which sits on a plot measuring approximately 0.3 acres in size. 316 Old Lodge Lane will be demolished as part of the planning permission and 5 x 3 bed houses will be built. 316 Old Lodge Lane will be sold with a tenant in situ paying £24,000 per annum on an AST with a 2 month break clause.
Planning
In December 2022, outline planning was approved for the demolition of 316 Old Lodge Lane and the erection of 5 additional dwellings (planning reference: 21,04007). This planning permission is subject to an S106 payment of £7,500 and a cil payment of £57,545.68.

A section 73 application has been submitted to revise the current consent to improve the internal layouts and reduce the build costs.
Location
The site is situated in a highly desirable residential location in Purley

This location offers excellent transport links with both Purley and Reedham Station being only 1 mile away, providing direct access to London Bridge within 35 minutes and London Victoria (via East Croydon) in 40 minutes. The M25 and M23 is accessed via Brighton Road which takes you towards Gatwick Airport and Brighton. This location is perfect for commuters, young families, and first-time buyers.

For more information please get in touch.