FOR SALE RESIDENTIAL DEVELOPMENT & INVESTMENT OPPORTUNITY WITH PLANNING PERMISSION 1 BENSON ROAD, CROYDON CR0 4LR
1 BENSON ROAD, CROYDON CR0 4LR RESIDENTIAL DEVELOPMENT & INVESTMENT OPPORTUNITY WITH PLANNING PERMISSION 23/03/2018 Freehold development & investment opportunity with planning permission for 7x flats and 4x houses
Residential investment producing £85,318 per annum gross Planning permission dated 02/07/2010 to form 6x one bedroom & 1x studio flat (conversion) and 4x terraced houses (new build). Permission implemented July 2013 No CIL or S106 No affordable housing requirement Waddon Station 0.4 miles | West Croydon Station 0.8 miles
LOCATION The site fronts Benson Road in Croydon. The local authority is the London Borough of Croydon. Benson Road is within walking distance of the Whitgift Shopping centre which is due to be extensively redeveloped by Westfield & Hammerson providing £2bn of investment to the local area. Local transport facilities include Waddon station, West Croydon station and East Croydon station. Wandle Park Tram Stop is 0.2 miles to the north.
DESCRIPTION 1 Benson Road comprises a detached Victorian 3-storey house used as a licenced HMO with 9x bedrooms and 3x self-contained bungalows in the rear courtyard. The majority of the HMO bedrooms are approximately 12sqm and contain a shower and kitchen. The basement provides larger bedrooms of approximately 22sqm. To the rear of the site is a terrace of 3x 1-bedroom bungalows which are 31sqm. The total site area is 495sqm.
TENANCY SCHEDULE
USE The detached Victorian dwelling comprises a House in Multiple Occupation (HMO) with a valid HMO licence expiring 19th November 2020. The three bungalows to the rear of the site are classed as C3 dwellings.
PLANNING PERMISSION
UNIT
RENT PA
EXPIRY DATE
1
£9,900
13/05/2018
1b
£10,200
03/04/2018
1c
£9,888
29/01/2018 Holding over
3 (HMO)
£5,400
22/06/2018
4 (HMO)
£9,600
28/02/2018 Holding over
5 (HMO)
£5,592
31/08/2018
7 (HMO)
£8,280
12/08/2018
8 (HMO)
£5,580
13/08/2018
Freehold (Title number SY124428).
9 (HMO)
£6,900
21/06/2018
ANNUAL COSTS
10 (HMO)
£7,800
31/10/2018
11 (HMO)
£6,178
04/01/2017 Holding over
We are advised the total costs are approximately £17,385 per annum. All costs are paid by the landlord including; Council Tax, Water, Electricity, Gas and Cleaning.
12 (HMO)
-
VACANT
TOTAL
Planning permission was granted 02 July 2010 under planning reference 10/00626/P for alterations to the front building and conversion to form 6x one bedroom and 1x studio flats; erection of mansard roof extension and three-storey rear extension including basement; extension of existing rear building to provide 3x two-storey two-bedroom and 1x two storey onebedroom houses; all arranged around a communal landscaped amenity area. The consent has been implemented by undertaking the drain connection with these works being carried out 01/07/2013.
TENURE
£85,318
VIEWINGS - 020 8662 2700 Richard Pillow Alexi Borg
t: 020 8662 2720 t: 020 8662 2745
e:
[email protected] e:
[email protected] SOCIAL Follow us on twitter @SHWProperty
SHW prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor SHW will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, SHW may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316
1 BENSON ROAD, CROYDON CR0 4LR RESIDENTIAL DEVELOPMENT & INVESTMENT OPPORTUNITY WITH PLANNING PERMISSION 23/03/2018 PROPOSED CONSENTED ACCOMMODATION UNIT
TYPE
SIZE SQM
Flat 1
1-Bed LFG
47
Flat 2
1-Bed LFG
46
Flat 3
1-Bed UGF
45
Flat 4
1-Bed UGF
45
Flat 5
1-Bed 1F
48
Flat 6
Studio 1F
42
Flat 7
1-Bed 2F
48
House 1
1-Bed
45
House 2
2-Bed
62
House 3
2-Bed
62
House 4
2-Bed
62
VIEWINGS Strictly by appointment with SHW.
OFFERS The property is to be sold by informal tender (subject to contract). Please contact SHW for the tender deadlind date. Offers are being sought in writing and should be delivered by post or email addressed to the vendors sole selling agent marked for the attention of Richard Pillow or Alexi Borg and to include the following information:
TERMS We are inviting offers in excess of £1,450,000 for the freehold interest subject to the Assured Shorthold Tenancies.
TOGC The property can be purchased as a Transfer of Going Concern.
VAT We are advised that VAT is not payable.
EPC The EPC rating is E.
Identity of proposed purchaser; Purchase price; Provide financial evidence of your ability to complete the purchase and track record; Timescales for exchange of contracts and completion of sale; State the name of your solicitor; Any conditions or surveys that are required; No bid to be calcuable by reference to any other bid.
FURTHER INFORMATION Planning and other related documentation will be sent via email upon request. Richard Pillow t: 020 8662 2720 e:
[email protected] Alexi Borg t: 020 8662 2745 e:
[email protected] VIEWINGS - 020 8662 2700 Richard Pillow Alexi Borg
t: 020 8662 2720 t: 020 8662 2745
e:
[email protected] e:
[email protected] SOCIAL Follow us on twitter @SHWProperty
SHW prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor SHW will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, SHW may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316
NOTES 1 THIS DRAWING IS PROTECTED UNDER COPYRIGHT AND IT SHALL NOT BE REPRODUCED IN WHOLE OR PART WITHOUT PRIOR EXPRESS PERMISSION OF ARCHITECTS PLUS LIMITED 2 DO NOT SCALE DIMENSIONS OFF THIS DRAWING CHECK ALL DIMENSIONS ON SITE BEFORE FABRICATION ALL DESCREPANCIES TO BE REPORTED TO THE ARCHITECT 3 ALL MATERIALS AND WORKMANSHIP TO BE IN ACCORDANCE WITH ALL CURRENT BRITISH STANDARDSAND CODES OF PRACTICE / STATUTORY AUTHORITY AND MANUFACTURERS RECOMMENDATIONS AND SPECIFICATIONS
SITE PLAN SCALE 1:200
Store Flat 4
Flat 3
Flat 12
Flat 5
architects plus
Flat 9
Flat 6
Hall
DATE CHKD
REV
No Access
WC
WC Store/bolier room
a
Architects, Planners, Project Managers
WC
Flat A
p
Flat B Flat C Hall Bedroom Bedroom
Flat 11
Flat 10
Flat 7
Flat 8
Bedroom
Bedroom
Bedroom
71-75 High Street Chislehurst Kent BR7 5AG Telephone: 020 8467 8822 Facsimile: 020 8467 8130 E-mail:
[email protected] Web Site: www.architects-plus.co.uk
Porch
Project
1 BENSON ROAD WADDON
BASEMENT
GROUND FLOOR
FIRST FLOOR
GROUND FLOOR
Client
Drawing
FRONT BUILDING PLANS SCALE 1:100
REAR BUNGALOW PLANS SCALE 1:100
PLANS AS EXISTING
Date
Cad Ref
11/07
Scale
Drawing No
1/100
07 475 PL02
Drn
Chkd
CS
CS
Rev
NOTES 1 THIS DRAWING IS PROTECTED UNDER COPYRIGHT AND IT SHALL NOT BE REPRODUCED IN WHOLE OR PART WITHOUT PRIOR EXPRESS PERMISSION OF ARCHITECTS PLUS LIMITED 2 DO NOT SCALE DIMENSIONS OFF THIS DRAWING CHECK ALL DIMENSIONS ON SITE BEFORE FABRICATION ALL DESCREPANCIES TO BE REPORTED TO THE ARCHITECT 3 ALL MATERIALS AND WORKMANSHIP TO BE IN ACCORDANCE WITH ALL CURRENT BRITISH STANDARDSAND CODES OF PRACTICE / STATUTORY AUTHORITY AND MANUFACTURERS RECOMMENDATIONS AND SPECIFICATIONS
Living / Diner Living room
Kitchen Kitchen
STUDIO FLAT 6 42m2
FLAT 7 48m2 FLAT 5 48m2
Bedroom
Living room Kitchen
Bedroom
extension
extension
FIRST FLOOR PLAN
SECOND FLOOR PLAN TO REAR HOUSES
existing bungalows extended
existing basement windows and lightwells enlarged
Living / Diner
B
Living / Diner
B
Kitchen
Living / Diner A
HOUSE 2 Bedroom 1
Kitchen
Living room
Living / Diner Bedroom
HOUSE 3
Hall FLAT 2 46m2 Hall
Bedroom
FLAT 4 45m2
window to staircase
Bedroom 2
hall Bedroom 2
43.7m LOWER GROUND FLOOR
43.2m
obscured glazing up to 1.7m to all rear windows
Kitchen
1.5m trellis
A
FLAT 1 47m2
evergreen Laurel with underplanting Living / Diner
2 eurobin store extension
A REV
FLAT 3 45m2 Living room
1.5m trellis range of view from window
rooflight to staircase
vie w
line
Living / Diner
Bedroom 1
extension
new mews house
B
[email protected] www.architects-plus.co.uk 71-75 High Street Chislehurst Kent BR7 5AG Telephone: 020 8467 8822 Facsimile: 020 8467 8130 E-mail: Web Site:
p
Project
white painted rendered wall to neighbouring property
12no cycle stands
a
Architects, Planners, Project Managers
Bedroom
1.0m wall blo ck ed
DATE CHKD
architects plus
Bedroom 2
Kitchen
Kitchen
HOUSE 4
recycling
Bedroom 1 window to staircase
A
HOUSE 1
Bedroom 1
Bedroom 1
1 BENSON ROAD WADDON
B
Client
LOWER GROUND FLOOR TO FRONT BUILDING
GROUND FLOOR TO REAR HOUSES
UPPER GROUND FLOOR TO FRONT BUILDING
FIRST FLOOR TO REAR HOUSES
G WALLER Drawing
PROPOSED FLOOR PLANS
PROPOSED FLOOR PLANS
Date
Cad Ref
11/09
Scale
Drawing No
1/100
07 475 PL 104
Drn
Chkd
CS
CS
Rev
B
NOTES 1 THIS DRAWING IS PROTECTED UNDER COPYRIGHT AND IT SHALL NOT BE REPRODUCED IN WHOLE OR PART WITHOUT PRIOR EXPRESS PERMISSION OF ARCHITECTS PLUS LIMITED 2 DO NOT SCALE DIMENSIONS OFF THIS DRAWING CHECK ALL DIMENSIONS ON SITE BEFORE FABRICATION ALL DESCREPANCIES TO BE REPORTED TO THE ARCHITECT 3 ALL MATERIALS AND WORKMANSHIP TO BE IN ACCORDANCE WITH ALL CURRENT BRITISH STANDARDSAND CODES OF PRACTICE / STATUTORY AUTHORITY AND MANUFACTURERS RECOMMENDATIONS AND SPECIFICATIONS
velux windows to bathroom and kitchen cill at 1.7m new second floor extension roof tiles to match adjacent new second floor extension roof tiles to match adjacent brickwork to match existing
high level windows cills at 1.7m above ffl
obscure glazing to side elevation kitchen windows
new rear extension
obscure glazing lower panes to 1.7m clear fanlight over
bedroom 2
existing 3m high wall
House 3 kitchen House 2 dining kitchen
garden at lower level
decorative trellis screen and evergreen Laurel shrubs to central planting area
existing bungalows extended
railway line to rea
evergreen Laurel shrubs to central planting area
SIDE ELEVATION
REAR ELEVATION OF FRONT BUILDING
new second floor extension roof tiles to match adjacent velux window cills at 1.0m above floor level
DATE CHKD
REV
architects plus
a
Architects, Planners, Project Managers existing basement windows and lightwells enlarged
EXTENT OF SITE
[email protected] www.architects-plus.co.uk 71-75 High Street Chislehurst Kent BR7 5AG Telephone: 020 8467 8822 Facsimile: 020 8467 8130 E-mail: Web Site:
p
Project
PROPOSED STREET SCENE
1 BENSON ROAD WADDON
Client
G WALLER Drawing
PROPOSED ELEVATIONS
Date
Cad Ref
11/09
Scale
Drawing No
1/100
07 475 PL106
Drn
Chkd
CS
CS
Rev
A