A Residential Development Opportunity with Planning Permission to Create a One Bedroom Self-Contained Lower Ground Floor Flat.

The property comprises a development opportunity to create a lower ground floor flat beneath an existing mid terrace house arranged over ground and two upper floors.

Tenure

Leasehold. The property is held on a 125 year lease from 2016 thus approximately 122 years unexpired).

Location

The property is situated in the South East London of South Norwood close to local shops and amenities. The open spaces of Heavers Meadow are within easy reach. Transport links are provided by Selhurst rail station.

Planning

Croydon Borough Council granted the following planning permission (Ref: 19/03437/FUL) on the 25th October 2019: 'Excavation to provide one bedroom flat at basement level and construction of lightwells'

Proposed Accommodation

The proposed application is to excavate the area below the ground floor and to create a one bedroom self-contained flat measuring approximately 613 sq ft.

The property benefits from freeholders consent. The property has not been inspected by Auction House London. All information has been supplied by the vendor.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.