56 Brigstock Road, Thornton Heath, Surrey CR7 8RX

0.21 Sq Ft
£5,000,000

Marketed By:

SHW

Corinthian House 17 Lansdowne Rd, Croydon, Surrey, CR0 2BX

020 8662 2700

croydon@shw.co.uk

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Property Features

  • Freehold consented residential development opportunity located on Brigstock Road, Thornton Heath, in the London Borough of Croydon;
  • Situated immediately adjacent to Thornton Heath railway station providing frequent trains to London Bridge (35 minutes) and London Victoria (23 minutes);
  • Existing as a flat and rectangular shaped site used a scaffolding yard with a small industrial shed and open storage, extending to 0.51 acres (0.207 hectares);
  • The London Borough of Croydon Planning Committee resolved to grant planning consent on 21/11/2019, subject to the signing of a S106 Agreement for 58x residential units (53% affordable housing) and 2x commercial units;
  • Proposed residential unit mix of 26x 1-bed, 9x 2-bed, 23x 3-bed and 2x ground floor commercial units across four blocks;
  • Full information regarding the site and planning consent is available within our data-room - access to be provided upon request;
  • Unconditional offers are invited in excess of £4,000,000 for the freehold interest with vacant possession, subject to contract;
  • Subject-to-Planning offers for an improved scheme with a higher number of residential units are invited in excess of £5,000,000 for the freehold interest with vacant possession, subject to contract.

Property Summary

The total site area comprises 0.207 hectares (0.51 acres). It is flat and rectangular in shape, currently used as a scaffold yard with a small industrial shed and open storage. The site is situated on Brigstock Road and is accessed by way of service road providing access to the Iceland Superstore and existing yard to the north and is within close proximity to London Road (A235).

A planning application ref: 18/05856/ful has been submitted. The London Borough of Croydon Planning Committee resolved to grant planning consent on 21/11/2019, subject to the signing of a S106 Agreement, for 58x residential units (53% affordable housing) and 2x commercial units. The draft S106 Agreement is available in our data room.

The consent provides for 4 blocks, 1 sited at the northern end of the site perpendicular to the railway line and the other 3 along the railway line coming south. The site entrance will continue to be shared with Iceland in addition to two commercial units at ground floor level the 5, 7, 8 and 9 storey blocks increasing in height to the south respectively will provide for 58 residential units.

These will be 22 x 1 bedroom units, 24 x 2 bedroom units and 12 x 3 bedroom units. The commercial units will comprise 150 sq m gross internal area and there will be 10 parking bays in total with cycle parking for 100 bikes.

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