4 - 20 Edridge Road, Croydon

Freehold Site with

Planning Permission for Landmark Residential

Development

For Sale

4-20 Edridge Road, Croydon

Location Croydon is a commercial centre of regional significance with one of the largest office centres in England and one of the largest shopping areas in the south east, soon to be dramatically enhanced by the proposed Westfield and Hammerson scheme only a short distance north of the site.

The site itself is centrally located on Edridge Road and a short walk (600 metres) from East Croydon Station. East Croydon is the second busiest railway station in the United Kingdom outside of London Zone 1 and as such has unrivalled journey times into both Victoria (16 minutes) and London Bridge (13 minutes). Gatwick Airport is only approximately 15 minutes from East Croydon, Heathrow 43 and Brighton 35 highlighting Croydon’s dominance as a hub of connectivity. The town is ideally placed to meet the needs of businesses and residents alike and to benefit from the social and economic benefits of London’s proximity. Croydon is becoming a hot spot for redevelopment and boast a number of flagship residential schemes either recently completed or under construction including, Saffron Square, Ruskin Square, Morello Tower, Island and Green Dragon House. The make-up of the area is currently undergoing a positive transformation. This plot on Edridge Road offers a rare opportunity to introduce an exemplary high density housing project within an area of rapidly increasing demand, as part of the wider regeneration drive.

Croydon Town Centre is located approximately 24km (15 miles) south of Central London and strategically positioned to service the South London area with excellent access to the surrounding infrastructure including the A23 which provides good links to the M23/M25 Motorway Junction approximately 11 km (6 miles) away.

4-20 Edridge Road, Croydon

The Site The site which is generally level extends to approximately 0.21 hectares (0.53 acres). It has a frontage to Edridge Road of approximately 57 metres and a maximum depth of approximately 38 metres. The site falls within the Croydon Metropolitan Centre and an Archaeological Priority Zone. It is considered to be in a highly sustainable location, in close proximity to the town centre with access to a wide range of retail and leisure facilities. The surrounding area includes a number of office developments including 1 and 3 Edridge Road, Impact House, Wrencote House, Grosvenor House and Leon House. The area further to the south of Edridge Road comprises two storey residential development together with the former Lennig House, a former office building which has been converted to residential flats. The site until recently has been used as car parking by a neighbouring occupier and offers potential for short term income.

Planning Current consent was granted on 26th June 2013 under application number 12/01033/P for: The erection of a building of part 9 and 23 storeys with basement comprising offices on part ground and first floor level and 61 two bedroom, 60 one bedroom and 12 three bedroom flats; formation of vehicular access and provision of 27 parking spaces with ancillary cycle and refuse areas (replacement of extant planning permission 07/05042/P to extend time limit for implementation.) Planning was granted subject to a S.106 agreement that requires 40% of the habitable rooms to be affordable. This permission renewal is extant until June 2016. A pre-app for an improved scheme to include 27 floors and 143 residential units can been found under Enquiry ref. 14/00139/PRE at The London Borough of Croydon Council’s planning web site. The response from the Planning Authority is available. The scheme was designed by MDR Architects and prospective purchasers can have the opportunity to discuss the scheme and the proposed amendments with the Architect if they wish. In addition MDR architects have prepared a concept scheme for 174 flats, contrasting that of the pre app, which can be found on the following page.

4-20 Edridge Road, Croydon

Edridge Road (Consented)

Site Area 2,140 m² 0.214 hectares 0.5288 acres

Height: 9-23 stories

1 bed 2 bed 3 bed 4 bed 5 bed Totals

Units 60 61 12 0 0 133

HR 120 183 48 0 0 351

Core Ratio: 1:12 (904.5/70.2)

Fire Strategy:

Amenity: Private balconies

Commercial 837 m²

Edridge Road (Concept Scheme for 174 flats)

Site Area 2,140 m² 0.214 hectares 0.5288 acres

Height: 9-27 stories

1 bed 2 bed 3 bed 4 bed 5 bed Totals

Units 68 90 16 0 0 174

HR 136 261 80 0 0 477

Core Ratio:

Amenity: Private balconies

Commercial 828 m²

Consented Application 2008 9-23 Storey Tower

Concept Scheme for 174 flats 9-27 Storey Tower

4-20 Edridge Road, Croydon

Viewing Strictly by appointment through the sole agents:

Richard Plant: 0208 662 2718 Richard Pillow: 0208 662 2720 Alexi Borg: 0208 662 2745 E: rplant@shw.co.uk E: rpillow@shw.co.uk E : aborg@shw.co.uk

SUBJECT TO CONTRACT

Stiles Harold Williams 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 Stiles Harold Williams 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, Stiles Harold Williams 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

making property work from offices in London and across the south east

Tenure Freehold with vacant possession.

Services To the south western corner of the site is a small EDF temporary sub-station. We understand that this is not presently operational. Interested parties are advised to make their own enquiries in this regard although some further information can be provided on request.

Price

Price upon application.

VAT We are advised that VAT will not be chargeable upon this transaction.

Legal Costs Each party is to be responsible for their own legal costs.

Viewing The property can be viewed from the adopted Highway. If you wish to access the site this should be arranged strictly by a prior appointment through the sole agents, Stiles Harold Williams.

Offers Offers must be in writing to the sales agent and must include the following information:

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

Further Information On request we can provide the following within an information pack

Proposed Plans of consented and pre-app schemes

Site Survey, Initial Site investigation

Pre app consideration letter

Computer Generated Images

Copy of Planning Decision, Pre-app, Design Statement and Transport Statement

Copy of Title Register and Plan, Title No. SGL573075