A prime town centre office building benefitting from permitted development rights (PDR), ideally located directly opposite East Croydon Train Station.
East Croydon Train Station provides excellent connectivity to Central London with direct trains to London Victoria in as little as 16 minutes, whilst also offering an extremely fast service to London Gatwick Airport.
Existing building comprises a 7-storey office (Class E) measuring 81,546 sq ft (7,575 sq m) of GIA (excluding the 7th floor plant).
The site extends to 0.59 acres (0.24 hectares). There are 16 car parking spaces situated directly in-front of the main entrance to the building.
Permitted development rights were granted in March 2025 for the change of use from Office (Class E) to Residential (Class C3) into 132 apartments.
The consented scheme comprises a mix of 112 studios and 20 x 1 beds, providing an NIA of 59,048 sq ft (5,486 sq m).
Potential to reconfigure the studios to create 1 bedroom apartments.
The Property is suitable for a variety of living and other uses including build to rent, co-living, hotel & education
In addition to the consented PDR scheme and given that the site is an allocated residential location, Stitch Architects have prepared indicative feasibility studies for enhanced, upwards extension and new build schemes.
The property is not elected for VAT.
PROPOSAL
Guide Price in excess of £7,500,000 (Seven Million Five Hundred Thousand Pounds) for the Freehold Interest, subject to contract, reflecting a low capital value of just £92 psf against the consented envelope GIA.
