Auction House London

Lot 105

 

Land at 45 Lansdowne Road

Croydon, Surrey, CR0 2BE

Withdrawn Prior to Auction.

A Redevelopment Opportunity Currently Comprising a Prominent Town Centre Site Measuring 0.44 Acres (1,840 sq m) Occupied by an Existing Building Let at £36,000 per annum with a Large Car Park. Planning has been Submitted to Erect a 68 Bedroom Hotel. There is also Potential to Provide a Fully Residential Scheme of up to 47 Units (subject to obtaining all relevant consent).

Description

The existing site is accessed via Lansdowne Road and measures 0.44 acres in total and comprises a semi-detached three storey house arranged as four flats as well as a car parking area providing 50 allocated spaces.

Tenure

Freehold

Location

The property is situated in the heart of Croydon close to local shops and amenities as well as the more extensive shopping facilities of the nearby Whitgift Centre. A variety of residential developments are in operation in the vicinity with ongoing plans for substantial redevelopment of the area. The open spaces of Lloyd and Wandle park are within easy reach. Transport links are provided by East Croydon rail station.

Tenancy

The car park is subject to a 125 year lease dated 24th June 1984 at a peppercorn ground rent. The flats in the house are subject to 4 separate AST agreements each let at £750 per month.

Planning (2nd Column)

An application (ref: 15/01338/P) was submitted to Croydon Council on the 25th March 2015 for:
"demolition of existing building; erection of four and five storey buildings to provide a 68 bedroom unit hotel with ancillary café/restaurant/wine bar."

Viewing Details

Please refer to us directly on: 0207 625 9007

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Current Rent Reserved £36,000 per annum

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

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Enquire about Land at 45 Lansdowne Road, Croydon, Surrey, CR0 2BE

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