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Withdrawn Prior to Auction.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 and Disclaimer

Administration charge: £1,500 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.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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

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