South London Residential Development Opportunity 202-204 Selhurst Road South Norwood, London, SE25 6XU
Residential development opportunity in South Norwood. Existing building currently arranged over lower ground, raised ground and two upper floors. Planning permission for refurbishment and alteration of existing building to form 2 x studios, 8 x 1 bed and 2 x 2 bed units. Approximately 320 metres (0.2 miles) west of Norwood Junction railway station. For sale Freehold with vacant possession. Savills 33 Margaret Street London W1G 0JD
+44 (0) 20 7016 3848 savills.co.uk
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Location
Planning
The property is located on the southern side of Selhurst Road at its mid-point to the north of Selhurst and to the south of Crystal Palace. The site is located within the jurisdiction of the London Borough of Croydon.
The property falls within the jurisdiction of the London Borough of Croydon, and is located within South Norwood Conservation Area. The building is locally listed.
The site is well served by public transport as indicated by its PTAL rating of 5. Norwood Junction train station is located approximately 320 metres (0.2 miles) to the east providing regular services into London Bridge in 17 minutes (Source: National Rail) and services to Highbury & Islington and West Croydon via London Overground. The property is also well served by multiple bus routes operating along the High Street, providing connections to Croydon to the south and Crystal Palace to the north. The site benefits from close proximity to an extensive range of local amenities including an Aldi superstore which is located 200 metres to the east of the site and a Sainsbury’s superstore on Whitehorse Road 800 metres to the north west of the property. There is also a variety of convenience retailers along Norwood High Street 620 metres to the north east. The property also benefits from proximity to Selhurst Park stadium and the open spaces of South Norwood recreation park. Crystal Palace located 2.8 km (1.8 miles) to the north provides a wide range of retailers, restaurants and food markets around the Church Road area, immediately to the south west of Crystal Palace park.
The site has full planning permission under reference 16/05041/ FUL as follows: “Alterations and refurbishment. Conversion to form 8 one bedroom, 2 studio and 2 two bedroom flats, erection of three storey side/rear extension, erection of four storey rear extension, erection of front boundary wall, provision of associated refuse and cycle storage.” Mayoral CIL will be charged on the scheme at a rate of £20 per sq m and Croydon Borough CIL will be charged at a rate of £120 per sq m and is estimated to amount to £68,710.69. The proposed schedule of accommodation is set out below: Unit Type
Floor
Size
Sq Ft
2
Lower Ground
70.8
762
1
Lower Ground
66.4
715
1
Lower Ground
66.4
715
2
Upper Ground
64.7
696
1
Upper Ground
54.4
586
1
Upper Ground
54.5
587
Description
1
First
55.6
598
The site is broadly rectangular in shape and extends to approximately 0.069 hectares (0.17 acres). The site currently comprises two semi-detached Victorian houses formerly in use as a HMO and residential apartments. The property is bound by existing residential houses to the east and west, by residential gardens of properties on Lawrence Road to the south and Selhurst Road (A213) to the north.
2
First
66.4
715
1
First
54.3
584
1
Second
52.7
567
Studio
Second
42.5
457
Studio
Second
44.8
482
693.5
7,465
Total Areas
NOTE:- Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100024244 Savills (UK) Ltd. NOTE:- Published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.
Tenure
Viewings
The property is for sale freehold with vacant possession.
Method of Sale
Viewings at the site can be undertaken strictly by appointment only. Please contact the sole selling agents should you wish to arrange a viewing at the site.
The site will be sold by way of informal tender (unless sold prior). Offers are sought for the freehold interest.
Further Information
VAT
Further information including technical and legal documentation is available at:
The site is not elected for VAT.
www.savills.co.uk/202selhurstroad
Guide Price Offers in excess of £1.5m.
Contact Andrew Cooper
[email protected] +44 (0) 20 7016 3848
Lucy Robbie
[email protected] +44 (0) 20 7409 5988
Madeleine Maguire
[email protected] +44 (0) 20 7075 2882
Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | July 2017